Directs the division of housing and community renewal to conduct a study on alternatives to the affordable New York housing program by investigating new models and partnerships to provide affordable housing to residents of the state.
STATE OF NEW YORK
________________________________________________________________________
6516
2025-2026 Regular Sessions
IN SENATE
March 17, 2025
___________
Introduced by Sen. CLEARE -- read twice and ordered printed, and when
printed to be committed to the Committee on Housing, Construction and
Community Development
AN ACT in relation to directing the division of housing and community
renewal to conduct a study on alternatives to the affordable New York
housing program
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The division of housing and community renewal, in consulta-
2 tion with any agency or organization it deems appropriate, shall conduct
3 a study on alternative options to section 421-a of the real property tax
4 law, constituting the affordable New York housing program. Such study
5 shall investigate new models and partnerships to provide affordable
6 housing to residents of the state.
7 § 2. The division of housing and community renewal shall prepare a
8 report which shall be submitted to the governor, the temporary president
9 of the senate, the speaker of the assembly, the minority leader of the
10 senate and the minority leader of the assembly, within one year after
11 the effective date of this act, containing findings and recommendations
12 for potential legislative and regulatory actions to replace the afforda-
13 ble New York housing program with a more effective solution to providing
14 affordable housing to residents of the state.
15 § 3. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD10976-01-5
