Bill > A01574

This bill establishes a five-year moratorium on the voluntary dissolution of urban rental Mitchell-Lama housing companies, which are affordable housing developments in New York created to provide low and middle-income residents with accessible housing. Simultaneously, the bill mandates a comprehensive study of the Mitchell-Lama housing program by New York State Homes and Community Renewal (NYSHCR), in collaboration with the New York City Department of Housing Preservation. The study will explore various aspects of the program, including recommendations for expansion, potential taxation and financing models to attract developers, adjusting program participation timelines, analyzing income criteria for housing access, identifying optimal geographic locations for new developments, and assessing strategies to preserve and grow the affordable housing inventory. NYSHCR is required to submit a preliminary report within two years and a final report with recommendations four years after the bill's effective date. The bill provides NYSHCR with broad authority to request and utilize data and resources from state agencies to conduct this study. The moratorium on dissolution will automatically expire five years after the law takes effect, allowing for a comprehensive review of the Mitchell-Lama housing program during that period.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A1574