S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  3940--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             January 30, 2017
                                ___________
 
 Introduced  by  Sen.  YOUNG  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Housing, Construction  and
   Community  Development  --  recommitted  to  the Committee on Housing,
   Construction and Community Development in accordance with Senate  Rule
   6,  sec. 8 -- 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 a New York Main Street development center
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The private housing finance law is amended by adding a  new
 article 29 to read as follows:
                               ARTICLE XXIX
                           NEW YORK MAIN STREET
                            DEVELOPMENT CENTER
 SECTION 1300. LEGISLATIVE INTENT.
         1301. NEW YORK MAIN STREET DEVELOPMENT CENTER.
   §  1300.  LEGISLATIVE  INTENT.  THE LEGISLATURE HEREBY FINDS THAT WITH
 AFFORDABLE HOUSING IN INCREASINGLY  SHORT  SUPPLY,  THE  NEW  YORK  MAIN
 STREET  DEVELOPMENT  CENTER  WILL NOT ONLY BE THE CATALYST FOR COMMUNITY
 RENEWAL, BUT ALSO ADDRESS THE CRITICAL NEED TO PROVIDE AFFORDABLE OPPOR-
 TUNITIES ACROSS THE STATE. MAIN STREETS  AND  DOWNTOWN  BUILDINGS  COULD
 SERVE  AS  THE PRIMARY LOCATION FOR NEW HOUSING OPPORTUNITIES THROUGHOUT
 THIS STATE. MAIN STREETS AND DOWNTOWN BUSINESS DISTRICTS,  ARE  UNIQUELY
 EQUIPPED  TO  SERVE  THIS FUNCTION SINCE THESE AREAS BOAST UNDERUTILIZED
 WATER AND SEWER INFRASTRUCTURE, ARE THE HUBS OF  PUBLIC  TRANSPORTATION,
 AND ARE THE CENTERS OF COMMERCE.
   § 1301. NEW YORK MAIN STREET DEVELOPMENT CENTER. THE DIVISION OF HOUS-
 ING AND COMMUNITY RENEWAL SHALL WORK IN COORDINATION WITH THE DEPARTMENT
 OF  ECONOMIC  DEVELOPMENT,  THE  DEPARTMENT  OF STATE, THE DEPARTMENT OF
 TRANSPORTATION, AND THE OFFICE OF PARKS, RECREATION AND HISTORIC PRESER-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD09258-02-8

 S. 3940--A                          2
 
 VATION TO ESTABLISH A "NEW YORK MAIN STREET DEVELOPMENT  CENTER"  WITHIN
 SUCH  DIVISION.  THE  MAIN  STREET  DEVELOPMENT CENTER SHALL HAVE AS ITS
 MISSION THE DISSEMINATION  OF  INFORMATION  RELATED  TO  EXISTING  STATE
 PROGRAMS TO ADDRESS THE REDEVELOPMENT OF EXISTING COMMERCIAL/RESIDENTIAL
 "MAIN  STREET"  BUILDINGS. THE "NEW YORK MAIN STREET DEVELOPMENT CENTER"
 SHALL BE LOCATED WITHIN THE DIVISION OF HOUSING  AND  COMMUNITY  RENEWAL
 AND  WILL SERVE AS A TECHNICAL ASSISTANCE AND RESOURCE CENTER TO PROVIDE
 INFORMATION AND TECHNICAL ASSISTANCE FOR ANY LOCAL MAIN STREET REVITALI-
 ZATION EFFORTS IN THE STATE. THE CENTER WILL ESTABLISH A WEB PAGE  WHICH
 WILL  LINK  TOGETHER  ALL STATE, LOCAL AND FEDERAL PROGRAMS WHICH MAY BE
 AVAILABLE TO SERVE AS A RESOURCE FOR BOTH DEVELOPERS, AND COMMUNITY  AND
 LOCAL  HOUSING  ORGANIZATIONS  IN  THEIR  DOWNTOWN REVITALIZATION INITI-
 ATIVES. THE CENTER SHALL ALSO LEND TECHNICAL AND TRAINING ASSISTANCE  TO
 COMMUNITY  OFFICIALS  AND PROVIDE A COMPREHENSIVE LIBRARY OF MAIN STREET
 DEVELOPMENT PUBLICATIONS FROM THROUGHOUT THE UNITED STATES  WHICH  SHALL
 BE ACCESSIBLE TO THE DEVELOPMENT COMMUNITY.
   § 2. This act shall take effect immediately.