NY S07210

Expands the definition of "affordable housing project" to include projects on brownfield sites that qualify for state or local government housing benefits, with affordability determined by area median income thresholds.

Creates new "conforming BOA site" designation for sites within brownfield opportunity areas that receive affirmative conformance determinations from the Secretary of State.

Extends the tangible property tax credit eligibility period from 120 to 180 months for certain underutilized sites accepted into the brownfield cleanup program on or after July 1, 2015.

Extends site preparation credit eligibility from 5 to 7 taxable years for sites with certificates of completion issued on or after March 20, 2015, and allows retroactive claims for costs incurred before January 1, 2021.

Extends the deadline for brownfield cleanup program participation and tax credit eligibility from December 31, 2022 to December 31, 2027, with certificates of completion required by December 31, 2031.