Bill > S02523

This bill, known as the "jobs and housing act," establishes a pilot program administered by the private housing finance agency to address New York's housing and jobs crisis by constructing and preserving affordable housing, including workforce housing, for low and moderate-income individuals, while simultaneously creating jobs in the construction and building service sectors. The program requires applicants for funding to demonstrate a commitment to using contractors from registered apprenticeship programs and to ensure that all construction work adheres to prevailing wage laws, with applicants taking joint responsibility for any penalties. Additionally, applicants must ensure building service employees receive prevailing wages and show a commitment to utilizing financing from labor organization pension funds. The bill also mandates that the division of housing and community renewal report on the program's outcomes, including the number of applications, awards, funding disbursed, and housing units created or preserved, within three years of the act's effective date.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/S2523