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NY A07089
Bill
Status
3/20/2025
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
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Expands the definition of "project" under the General Municipal Law to include "qualified residential facilities" as eligible for industrial development agency (IDA) assistance
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Defines "qualified residential facility" as multi-family residential buildings with units for sale located in Westchester County within designated urban renewal areas or highly distressed areas
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Explicitly excludes continuing care retirement communities from the definition of qualified residential facilities
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Allows IDAs to provide financial assistance including tax benefits and other incentives to qualifying residential development projects in Westchester County
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
1/7/2026