NY S01398

Establishes the "Block by Block Homeownership Program" through the Division of Housing and Community Renewal to provide capital subsidies for constructing, preserving, and rehabilitating one- to two-family dwellings outside New York City

Prioritizes funding for Buffalo, Rochester, Syracuse, Albany, and Binghamton, specifically targeting vacant, abandoned, or underutilized land owned by municipalities

Restricts sales of program-created dwellings to low or moderate income individuals/families who own no other real property and intend to use the home as their primary residence

Allows sales to not-for-profit corporations for the purpose of resale to eligible buyers

Requires deed restrictions on subsequent sales to ensure dwellings remain affordable for low or moderate income purchasers who will use them as primary residences