Relates to preferences under the affordable home ownership development program for veterans with service-related disabilities; defines "veteran with a service-related disability".
This bill (S 631) helps rent-controlled tenants with tax abatements who experience a significant income drop. If a household’s combined income decreases by more than 20% after receiving a tax abatement, they can apply to lower their rent to match the original rent-to-income ratio. The adjusted rent can be made retroactive to when the income dropped, but only back to the date of their most recent approved application (not further). It applies specifically to households with rent-controlled units under existing tax abatement programs.
This bill increases the New York City Housing Development Corporation's borrowing limit from $19 billion to $20 billion for issuing bonds. It directly affects the corporation's ability to fund affordable housing projects across New York City by expanding its financial capacity. The key change is a simple $1 billion increase to the bonding authority, with no other substantive policy shifts.
Requires educational institutions with an endowment of 10 billion dollars or more to incorporate thirty percent affordable housing units in any property owned by such institution that provides any form of housing.
Establishes an affordable housing program to be administered by the division of homes and community renewal which will provide loans or grants to certain property owners; provides that property owners receiving such loans or grants shall rent such property for no more than thirty-three percent of a tenant's income.
This bill adds broadband access as a scoring factor in New York State's low-income housing tax credit program. It requires housing projects applying for tax credits to commit to using end-to-end fiber-optic broadband infrastructure to receive preference during application evaluation. The change directly affects developers seeking low-income housing tax credits by making fiber broadband access a key consideration in project rankings. The policy update modifies how projects are scored but does not mandate broadband installation, only prioritizing applications that commit to it.
Directs the commissioner of housing and community renewal to create and maintain a database of vacant residential housing units, and to create an affordable housing development program; imposes a tax on vacant residential housing units; creates an affordable housing development program fund.
Directs the department of social services to establish a centralized homelessness crisis response data system through which state agencies, local governmental entities, including law enforcement agencies, court systems, school districts, and emergency service providers, and other relevant persons are able to share and access information related to individuals who experience chronic homelessness in order to connect or refer such individuals to services including affordable housing opportunities.
Establishes a housing task force addressing affordable housing for millennials in suburban counties to provide a continuing forum to discuss concerns and issues related to the formulation of state policy designed to help address this issue.
Protects renters using a housing subsidy or voucher, or receiving public assistance from discrimination by the housing provider based on such renters' income or use of such housing subsidy, voucher or public assistance.
