Bill Text: NY S08585 | 2023-2024 | General Assembly | Amended

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Bill Title: Establishes the infill housing pilot program in the city of Buffalo which shall provide capital subsidies for the purpose of building two thousand one- to two- family housing units.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2024-02-20 - PRINT NUMBER 8585A [S08585 Detail]

Download: New_York-2023-S08585-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         8585--A

                    IN SENATE

                                    February 16, 2024
                                       ___________

        Introduced  by  Sen.  RYAN  --  read twice and ordered printed, and when
          printed to be committed to the Committee on Housing, Construction  and
          Community  Development  -- committee discharged, bill amended, ordered
          reprinted as amended and recommitted to said committee

        AN ACT to amend the private housing finance law, in relation  to  estab-
          lishing the infill housing pilot program in the city of Buffalo

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. The private housing finance law is amended by adding a  new
     2  article 32 to read as follows:
     3                                ARTICLE XXXII
     4                        INFILL HOUSING PILOT PROGRAM
     5  Section 1290. Legislative purpose.
     6          1291. Infill housing pilot program.
     7    §  1290.  Legislative  purpose.  It  is hereby declared and found that
     8  there exists across upstate New York, and particularly in  the  city  of
     9  Buffalo,  a shortage of affordable housing units available for purchase.
    10  It is further found that homeownership is essential for building genera-
    11  tional wealth, and that the state therefore has an interest in promoting
    12  homeownership. In order, further, to promote homeownership, it is hereby
    13  declared that additional provisions should be  made  to  provide  public
    14  monies  for  the  purposes  of building two thousand one- to two- family
    15  housing units in the city of Buffalo for purchase  by  low  to  moderate
    16  income  buyers  living in or near the census tract where the property is
    17  located.  The necessity in the public interest  for  the  provisions  of
    18  this  article  is  hereby  declared  as a matter of legislative determi-
    19  nation.
    20    § 1291. Infill housing pilot program.  The  division  of  housing  and
    21  community  renewal  shall  make  capital  subsidies  available  for  the
    22  purposes of building two thousand one- to two- family housing  units  in
    23  the  city  of  Buffalo  in  a  five  year period. The commissioner shall
    24  promulgate rules and regulations sufficient for the creation  of  a  new
    25  program  for  the  purpose  of building such one- to two- family housing
    26  units and shall prioritize for development vacant lots owned by the city
    27  of Buffalo.
    28    § 2. This act shall take effect immediately.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14432-04-4