Bill > A02325

This bill establishes a "shovel-ready housing program" designed to incentivize municipalities to pre-authorize property parcels for housing construction, with several key components. Under the program, municipalities (excluding cities with over one million residents) can voluntarily pre-authorize property parcels for housing development, with a requirement to increase housing units by at least 1% or a minimum of 10 units. The Division of Housing and Community Renewal will manage the program, establish rules and regulations, and annually publish a list of participating municipalities. The bill also creates a "shovel-ready community tax rebate" for eligible homeowners in participating municipalities, which provides a tax credit based on the homeowner's gross income and their property's STAR (School Tax Relief) exemption status. Additionally, the bill establishes an annual infrastructure grant for participating municipalities, with funding equal to double their previous year's Consolidated Local Street and Highway Improvement Program (CHIPS) funds. These grants must be used for infrastructure projects that facilitate housing construction, such as road, bridge, sewer, power, and broadband projects, with the State Comptroller certifying the appropriate use of funds. The overall aim is to encourage housing development and provide financial incentives for municipalities and homeowners who participate in expanding housing availability.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A2325