Bill > A01483

This bill requires companies, corporations, and programs involved in affordable housing development to reserve at least five percent of their housing units specifically for veterans, as defined by section eighty-five of the civil service law. By mandating this minimum quota, the legislation aims to provide targeted housing support for veterans, who often face unique challenges in securing affordable housing after their military service. The bill would apply to all entities operating under the private housing finance law, effectively creating a standardized approach to veteran housing allocation across affordable housing projects. The provision takes effect immediately upon passage, meaning housing developers would need to quickly adapt their unit allocation strategies to comply with the new requirement. This approach represents a structured effort to address potential housing instability among veterans by ensuring they have dedicated access to affordable housing options.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A1483