Directs the commissioner of housing and community renewal to conduct a study to examine the efficacy of the creation of a statewide affordable housing agency

Directs the commissioner of housing and community renewal, in consultation with the director of the budget and the commissioner of taxation and finance, to conduct a study to examine the efficacy of the creation of a statewide affordable housing agency whose sole mission is to directly build affordable housing utilizing state funds and employing residents of the state to accomplish such construction of affordable housing.