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NY A00445

Bill

Official Source

Status

Introduced

1/9/2023

Primary Sponsor

Linda Rosenthal

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Amends Section 421-a of the Real Property Tax Law to require affordable units be proportionally dispersed throughout projects and not concentrated on specific floors or building areas
  • Mandates affordable units have equal access to common spaces, amenities, and building ingress/egress as market-rate units
  • Allows city councils in cities with populations of one million or more to waive the dispersal and equal access requirements by majority vote
  • Takes effect immediately upon enactment and applies to all 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

1/3/2024

Committee Referrals

Real Property Taxation1/9/2023

Full Bill Text

No bill text available