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Bill > A09876


NY A09876

NY A09876
Establishes the shovel-ready housing program under which certain municipalities, at their option, may pre-authorize parcels of property for the construction of housing; establishes a shovel-ready community tax rebate for taxpayers residing in municipalities that opt-in to the shovel-ready housing program; provides for annual apportionment to municipalities that have certified participation in the shovel-ready housing program.


summary

Introduced
04/24/2024
In Committee
04/24/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the public housing law, the tax law and the state finance law, in relation to establishing the shovel-ready housing program

AI Summary

This bill establishes the "Shovel-Ready Housing Program" under which certain municipalities can pre-authorize parcels of property for the construction of housing. It also creates a "Shovel-Ready Community Tax Rebate" that provides tax credits to eligible taxpayers residing in municipalities participating in the program. Additionally, the bill provides annual infrastructure grants to municipalities that have certified their participation in the program to support related projects like roads, bridges, and broadband. The program aims to facilitate housing construction and increase the housing supply in participating municipalities across New York State.

Committee Categories

Housing and Urban Affairs

Sponsors (14)

Last Action

referred to housing (on 04/24/2024)

Bill Topics

Community Development and Housing Issues
  • ‐ Community and Regional Development
  • ‐ Housing and Community Development for Low and Middle Income Persons
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

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