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NY A09120
Bill
Status
Introduced
2/7/2024
Primary Sponsor
Daniel O'Donnell
Click for details
AI Summary
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Requires educational institutions with endowments exceeding $10 billion to include 30% affordable housing units in any property they own that provides housing
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Applies only to institutions located in cities with populations of 1 million or more
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Defines affordable housing using the standards specified in section 421-a of the New York Real Property Tax Law
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Takes effect immediately upon enactment
Legislative Description
Requires educational institutions with an endowment of 10 billion dollars or more to incorporate thirty percent affordable housing units in any property owned by such institution that provides any form of housing.
Last Action
referred to higher education
2/7/2024
Committee Referrals
Higher Education2/7/2024
Full Bill Text
No bill text available