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NY A09299
Bill
Status
12/10/2025
Primary Sponsor
Michaelle Solages
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AI Summary
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Declares increasing housing stock a state policy, adding housing to the existing policy goals of Industrial Development Agencies (IDAs) alongside economic development, recreation, and renewable energy
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Expands the definition of "project" under the General Municipal Law and Public Authorities Law to explicitly include housing and housing facilities as eligible for IDA financial assistance
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Requires IDA cost-benefit analyses to evaluate a project's contribution to state housing goals, including affordable, workforce, and senior housing options
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Mandates that uniform tax exemption policies established by IDAs and certain public authorities consider the extent to which projects will bring additional housing units to the market
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Applies these housing-related amendments to multiple public authorities including the Troy Industrial Development Authority and other municipal authorities governed by the Public Authorities Law
Legislative Description
Provides that a policy of this state should be to increase housing options and opportunities, including but not limited to affordable, and workforce and senior housing.
Last Action
referred to local governments
1/7/2026