NY S07635

Allows public agencies, limited-dividend organizations, and private organizations to submit a single application to local zoning boards of appeals to build low or moderate income housing developments instead of multiple separate applications to different local boards.

Requires local zoning boards to hold a public hearing within 30 days and approve applications unless written findings demonstrate the development would have a specific, adverse impact on public health or safety with no feasible mitigation method.

Establishes a state zoning board of appeals within the Division of Housing and Community Renewal, consisting of three members, to hear appeals from applicants denied approval or approved with conditions that make construction uneconomic.

Restricts eligibility for streamlined approval if a municipality already has more than 15% of its housing units designated as income-restricted at 80% of area median income, or in New York City if the community board's median income equals or falls below 100% of area median income.

Requires the Division of Housing and Community Renewal to study and report within one year on aligning the low income housing tax credit qualified allocation plan with the new zoning process to better coordinate affordable housing funding and permitting policies.