Bill > S04309

This bill authorizes the city of New York to collaborate with labor unions to finance affordable housing specifically for city employees. The legislation allows collective bargaining units representing city workers to partner with the city to construct housing units that will be exclusively occupied by city employees. To qualify as an "occupied" unit, at least one resident must be a city employee who lives in the unit for more than half the year, and the household's combined income must be less than 125% of the area median income. The bill includes a provision that if a unit's occupants no longer meet these initial criteria, the lease or rental agreement cannot be renewed. This legislation provides a targeted approach to addressing housing affordability for municipal workers by creating a direct pathway for labor unions to help their members access housing near their workplace, potentially helping to attract and retain city employees by addressing one of their fundamental needs.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/S4309