Bill > S00529

This bill establishes the Local Initiatives Task Force on Housing, a 16-member group comprised of representatives from state agencies, government leadership, and various advocacy and trade associations related to housing and construction. The task force's primary purpose is to collaborate with local government officials and stakeholders to develop best practices for incentivizing housing development across New York State. The members will not receive compensation but will be reimbursed for expenses, and the task force will be chaired by the commissioner of the Division of Homes and Community Renewal. The group is authorized to hold public hearings, consult with various organizations and government entities, and request assistance and data from state agencies. Specifically, the task force will study strategies such as tax incentives for housing, developing properties for moderate-income homeowners (defined as those earning up to 125% of the area median income), and analyzing potential regulatory reforms. Within one year of the bill's effective date, the task force must issue a comprehensive report with findings and legislative recommendations to key state leaders and advocacy groups. The bill is temporary, set to automatically expire two years after becoming law.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/S529