NY S01946

Defines "mixed-use age-integrated housing" as development combining residential units, commercial space, and services where at least 30% of units are for persons age 60 or older and at least 10% are affordable to those earning 60% or less of area median income.

Authorizes cities, towns, and villages to establish incentive programs offering a minimum 10% density increase in exchange for developers either setting aside 10% of residential units for age-integrated housing or paying a fee into a trust fund for senior services like transportation, meals, and health care.

Requires municipalities to adopt local laws specifying implementation details before offering incentives, including provisions for density increases and other program features.

Establishes a real property tax exemption for mixed-use age-integrated housing with a 10-year phase-out schedule: 50% exemption for years 1-3, declining to 5% by year 10.

Directs the State Office for the Aging and Department of State to develop model zoning guidelines for age-integrated communities and make recommendations for demonstration projects in urban, suburban, and rural areas.