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NY A01740

Bill

Official Source

Status

Introduced

1/11/2021

Primary Sponsor

Linda Rosenthal

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Amends Section 421-a of the Real Property Tax Law to require affordable units be proportionally dispersed throughout projects rather than concentrated on specific floors or areas
  • Mandates affordable units have equal access to common spaces, amenities, and building ingress and egress as market-rate units
  • Allows city councils in cities with populations of one million or more to waive these distribution and access requirements by majority vote for any project
  • Takes effect immediately and applies to projects that commence construction after the effective date

Legislative Description

Requires affordable housing units to be equally distributed throughout building projects.

Last Action

referred to real property taxation

1/5/2022

Committee Referrals

Real Property Taxation1/11/2021

Full Bill Text

No bill text available