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NY A07491
Bill
Status
Introduced
3/28/2025
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
- Establishes a new per dwelling unit funding limitation of $25,000 specifically for new construction of affordable housing within the city of Yonkers
- Extends the $25,000 funding cap to acquisition of existing housing stock in Yonkers, including cooperatives, condominiums, and fee simple multi-family housing
- Amends Section 1112 of the Private Housing Finance Law to add Yonkers-specific provisions alongside existing statewide funding limits of $50,000 (standard projects) and $75,000 (high cost projects)
- Authorizes the Housing Trust Fund Corporation to enter contracts with eligible applicants to provide these grants from the affordable housing development account
Legislative Description
Makes provisions with respect to affordable housing within the city of Yonkers; provides funds of twenty-five thousand dollars in the affordable housing development account for new construction of affordable housing within the city of Yonkers and acquisition of existing housing stock cooperatives, condominiums and fee simple multi-family housing where appropriate.
Last Action
referred to housing
1/7/2026
Committee Referrals
Housing3/28/2025
Full Bill Text
No bill text available