Establishes the Redeveloping Empty and Vacant Infrastructure for Vibrant Economies Act or the REVIVE Act

The REVIVE Act allows New York municipalities to convert vacant commercial, office, and parking lots into residential housing by streamlining zoning rules. It applies to properties that are at least 15,000 square feet, have been vacant for over 50% of their space for at least one year, and have access to water and sewer services. The bill sets minimum density requirements of 15 to 20 dwelling units per acre depending on location, limits parking to one space per unit, and establishes strict approval timelines to prevent delays. Local governments must approve eligible projects through a ministerial review process without public hearings if the site meets all criteria, and automatic approval occurs if municipalities miss their review deadlines.