This bill amends New York's affordable housing law to add a preference category for "service related disabled veterans" in home ownership development programs. It directly affects veterans who served honorably in the military, have a 40%+ disability rating from the VA or DoD related to service, and meet specific documentation requirements. The key change requires housing programs to prioritize these veterans when serving the lowest-income households or ensuring long-term affordability. This policy update modifies eligibility criteria without altering program funding or structure.
Relates to requiring affordable housing projects to calculate and only use the area median income for the specific county that the project is located in for determining affordability.
Requires affordable housing funded by the state be used for veterans and people with disabilities, with each group receiving five percent of such affordable housing.
This bill requires private housing developers building affordable units to reserve 5% of new units specifically for veterans. It directly affects all companies, corporations, and programs operating under the state's housing finance law. The key provision mandates that developers must set aside these units at the time of construction, with "veterans" defined by existing civil service law. The law takes effect immediately upon passage.
Requires DHCR to develop a common application and web portal for certain funding, tax credits, loans, and grants for housing; requires such application to be available upon request from relevant state agencies; requires such web portal to be manageable by relevant state agencies; makes relevant provisions.
Authorizes the state division of housing and community renewal to study housing programs for low and middle income families; provides for a moratorium on the voluntary dissolution of limited profit, limited dividend and redevelopment housing companies.
Establishes an affordable independent senior housing assistance program which shall provide grants within amounts appropriated or otherwise available therefor to affordable independent senior housing properties to establish and operate resident assistance programs.
Creates an affordable housing insurance relief fund program to provide grants to eligible projects for reasonable and necessary commercial insurance expenses.
Enacts the New York fair housing act to require municipalities to take affirmative steps to address the creation and maintenance of affordable housing.
Bill A 1779 amends the New York State low-income housing tax credit program. It requires that the scoring and ranking criteria for project applications include a preference for broadband access. Specifically, projects that commit to using end-to-end fiber-optic architecture for delivering broadband service will receive a preference during evaluation. This bill directly affects developers applying for these tax credits and aims to encourage the inclusion of advanced internet infrastructure in new low-income housing developments.
