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Senate Bill S6516

2025-2026 Legislative Session

Directs the division of housing and community renewal to conduct a study on alternatives to the affordable New York housing program

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Sponsored By

Current Bill Status - In Senate Committee Housing, Construction And Community Development Committee

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2025-S6516 (ACTIVE) - Details

Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Real Property Taxation
Versions Introduced in Other Legislative Sessions:
2021-2022: S9072
2023-2024: S1770

2025-S6516 (ACTIVE) - Summary

Directs the division of housing and community renewal to conduct a study on alternatives to the affordable New York housing program by investigating new models and partnerships to provide affordable housing to residents of the state.

2025-S6516 (ACTIVE) - Sponsor Memo

2025-S6516 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6516
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                              March 17, 2025
                                ___________
 
 Introduced  by  Sen.  CLEARE -- read twice and ordered printed, and when
   printed to be committed to the Committee on Housing, Construction  and
   Community Development
 
 AN  ACT  in  relation to directing the division of housing and community
   renewal to conduct a study on alternatives to the affordable New  York
   housing program

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The division of housing and community renewal, in consulta-
 tion with any agency or organization it deems appropriate, shall conduct
 a study on alternative options to section 421-a of the real property tax
 law, constituting the affordable New York housing program.   Such  study
 shall  investigate  new  models  and  partnerships to provide affordable
 housing to residents of the state.
   § 2. The division of housing and community  renewal  shall  prepare  a
 report which shall be submitted to the governor, the temporary president
 of  the  senate, the speaker of the assembly, the minority leader of the
 senate and the minority leader of the assembly, within  one  year  after
 the  effective date of this act, containing findings and recommendations
 for potential legislative and regulatory actions to replace the afforda-
 ble New York housing program with a more effective solution to providing
 affordable housing to residents of the state.
   § 3. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10976-01-5

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