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NY A04635
Bill
Status
2/21/2023
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
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Amends the definition of "project" under General Municipal Law Section 854 to include "qualified residential facilities" that industrial development agencies may assist.
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Defines "qualified residential facility" as a multi-family residential facility with units for sale located in Westchester County, within an urban renewal area or highly distressed area.
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Excludes continuing care retirement communities from the definition of qualified residential facilities.
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Takes effect immediately upon enactment.
Legislative Description
Authorizes industrial development agencies to provide technical and financial assistance to qualified residential facilities; defines "qualified residential facility" as any multi-family residential facility with units that are for sale, in any municipality located within the county of Westchester, and which is located in an urban renewal area.
Last Action
referred to local governments
1/3/2024