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NY A05633
Bill
Status
2/18/2025
Primary Sponsor
Pamela Hunter
Click for details
AI Summary
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Amends the definition of "construction contract" in General Business Law section 756 to exclude residential projects containing affordable housing units
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Removes the previous exemption for federally/state/municipally assisted projects with fewer than 75 units for households earning an average of 125% of HUD area median income
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Creates a new broader exemption for any residential project with dwelling units that must be affordable at a specific income level pursuant to statute, regulation, restrictive declaration, or regulatory agreement with a government entity
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Construction contracts covered by this law apply to projects with aggregate costs of $150,000 or more
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Takes effect immediately upon enactment
Legislative Description
Removes residential dwelling units that must be affordable to residents at a specific income level from the definition of "construction contracts" for the purposes of certain provisions of the General Business Law.
Last Action
referred to labor
1/7/2026