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NY A02325
Bill
Status
1/16/2025
Primary Sponsor
John McDonald
Click for details
AI Summary
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Establishes a voluntary "shovel-ready housing program" allowing municipalities (excluding cities over 1 million population) to pre-authorize parcels for housing construction, with participating municipalities required to pre-authorize enough parcels to increase housing units by at least 1% or 10 units, whichever is greater
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Creates a tax rebate credit for homeowners in participating municipalities who receive STAR exemptions and had 2021 income of $250,000 or less, with credit amounts ranging from 18% to 163% of STAR tax savings based on income level
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Requires the Division of Housing and Community Renewal to establish the program within one year, develop rules covering environmental review, permitting, and zoning, and annually publish a list of participating municipalities
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Provides annual infrastructure grants to participating municipalities equal to double their previous year's CHIPS (Consolidated Local Street and Highway Improvement Program) allocation
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Infrastructure grant funds must be used for roads, bridges, sewers, power generation and distribution, broadband, or other projects certified by the state comptroller to facilitate housing construction
Legislative Description
Establishes the shovel-ready housing program under which certain municipalities, at their option, may pre-authorize parcels of property for the construction of housing; establishes a shovel-ready community tax rebate for taxpayers residing in municipalities that opt-in to the shovel-ready housing program; provides for annual apportionment to municipalities that have certified participation in the shovel-ready housing program.
Last Action
referred to housing
1/7/2026