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NY A02224

Bill

Official Source

Status

Introduced

1/15/2025

Primary Sponsor

Jo Simon

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Requires all affordable housing projects in New York to calculate affordability using only the Area Median Income (AMI) of the specific county where the project is located

  • Amends Section 421-a of the real property tax law to add a definition of AMI tied to county-level data

  • Applies to all affordable housing projects, including but not limited to 421-a tax abatement projects

  • Takes effect immediately upon passage

Legislative Description

Relates to requiring affordable housing projects to calculate and only use the area median income for the specific county that the project is located in for determining affordability.

Last Action

referred to housing

1/7/2026

Committee Referrals

Housing1/15/2025

Full Bill Text

No bill text available