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S04845 Summary:

BILL NOS04845
 
SAME ASSAME AS A04223
 
SPONSORLATIMER
 
COSPNSR
 
MLTSPNSR
 
Amd SS28-a, 81-d & 81-f, Gen City L; amd SS261-b, 261-c & 272-a, Town L; amd SS7-703, 7-703-a & 7-722, Vil L; add S421-n, RPT L
 
Authorizes cities, towns and villages to establish mixed-use age-integrated communities by permitting the development of sites to combine residential units, commercial space and/or services for a multi-age population; 30% of such residential units shall be for persons 60 years of age or older, and at least 10% thereof shall be affordable by persons at 60% or less of the area median income; authorizes, cities, town and villages to grant incentives for the construction of such communities; grants a real property tax exemption for such housing.
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