Bill > S01490

This bill establishes the community development financial institution (CDFI) disability housing program within the New York State Urban Development Corporation. The program aims to allocate up to $25 million from the CDFI fund to CDFIs involved in financing and developing supportive and supervised living facilities for individuals with developmental and mental disabilities in the state. The bill defines key terms such as CDFI, CDFI fund, supportive living facility, and supervised living facility, and authorizes the Urban Development Corporation to promulgate rules and regulations in consultation with relevant state agencies to implement the program.