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NY S00256
Bill
Status
1/8/2025
Primary Sponsor
Monica Martinez
Click for details
AI Summary
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Amends state policy to explicitly include increasing housing stock as a goal alongside promoting recreation, tourism, and renewable energy development
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Expands the definition of "project" under Industrial Development Agencies (IDAs) to include housing and housing facilities, making them eligible for IDA financial assistance
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Requires IDA cost-benefit analyses to assess how proposed projects contribute 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 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 those governing Troy and other specified cities in New York
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 GOVERNMENT
1/7/2026