This bill increases the New York City Housing Development Corporation's (NYCHDC) bonding authority from $19 billion to $20 billion, allowing it to issue more bonds for affordable housing projects. The key change modifies the legal limit on outstanding bonds, directly affecting NYCHDC's ability to finance new housing developments and renovations. The amendment clarifies the calculation for determining the bonding limit while maintaining reserve fund requirements. This is a straightforward financial authorization change with no new program requirements or eligibility rules.
This bill amends New York's public health law to explicitly include senior citizens (defined as 62 years or older) as a vulnerable population eligible for supportive housing programs. It expands eligibility for state housing development grants to organizations serving seniors, requiring applicants to detail how they will support this group. Funding must directly support housing development and services for vulnerable populations, including seniors, with annual reports tracking how funds are used for this purpose. The change ensures seniors are formally recognized in the state's housing support system, affecting housing providers and senior residents seeking stable, accessible housing.
Establishes a housing project revolving loan program and housing project revolving loan fund to encourage the development of mixed income housing by providing zero-percent interest or low-interest loans.
This bill amends New York's public health law to explicitly include senior citizens (defined as 62+ years old) as a vulnerable population eligible for supportive housing programs. It requires that funding and housing development initiatives specifically address the needs of seniors, with grant applications and allocations prioritizing accessible housing and services for this group. The policy change ensures seniors are formally recognized in eligibility criteria for housing support, directing state funds toward their housing stability and community-based services.
Establishes a housing project revolving loan program and housing project revolving loan fund to encourage the development of mixed income housing by providing zero-percent interest or low-interest loans.
Establishes the "jobs and housing act"; directs the private housing finance agency to develop and administer a jobs and housing pilot program to construct and preserve housing, including workforce housing, that is affordable to low and moderate income persons, and creates jobs for those who build and work in such housing.
This bill raises the maximum funding per housing unit from $125,000 to $250,000 for projects funded through New York's Housing Trust Fund Corporation. It directly affects low-income housing developers and projects that rehabilitate or construct affordable housing using these funds. The key change is increasing the per-unit funding cap, allowing more resources for modernizing housing while maintaining existing requirements like a 5% private developer equity investment. The bill does not alter other program rules, such as loan terms (up to 40 years) or geographic allocation limits.
Establishes the New York State social housing development authority as a public benefit corporation to increase the supply of permanently affordable housing in the state through the acquisition of land and renovation or rehabilitation of existing real property, and through the construction of new, permanently affordable housing.
Enacts the "faith-based affordable housing act" for development on residential land; defines terms; provides that each village, town, and city shall allow the construction and occupation of residential buildings on any covered site up to the specified densities; provides that all residential buildings constructed pursuant to this section in a town, village, or city with fewer than one million inhabitants shall set aside twenty percent of the residential floor area for households earning an average of eighty percent of area median income; outlines the densities for New York city; makes related provisions.
Establishes the "jobs and housing act"; directs the private housing finance agency to develop and administer a jobs and housing pilot program to construct and preserve housing, including workforce housing, that is affordable to low and moderate income persons, and creates jobs for those who build and work in such housing.
