Bill > A03996

This bill establishes a jobs and housing pilot program designed to address New York state's housing crisis and create construction jobs by developing affordable housing on state-owned and other eligible lands. The program authorizes the state division of housing and community renewal to create a list of available state-owned lands suitable for residential development, prioritizing locations based on factors like feasibility, local income levels, potential unit count, and development cost. Eligible applicants must demonstrate workforce development commitments, ensure prevailing wage standards, and potentially enter into project labor agreements with construction trade unions. The bill requires new residential developments to set aside housing units for households across various income levels, with 25% of units designated for each income bracket ranging from below 50% to below 165% of area median income. Developments must include affordable units restricted by covenants to maintain long-term affordability, with specific requirements around leasing, marketing, and resale. The program aims to create a pathway to homeownership, support labor organizations, address racial wealth disparities, and stimulate economic growth by linking housing development with job creation, particularly targeting immigrant workers, workers of color, and those without college degrees.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A3996