Bill > A05633

This bill modifies the definition of "construction contracts" in the General Business Law by removing residential projects with affordable housing units from certain regulatory requirements. Specifically, the bill eliminates language that previously exempted residential projects with fewer than 75 units receiving financial assistance and designed for households earning an average of 125% of the area median income. Instead, the bill now excludes residential construction projects that include dwelling units required to be affordable to residents at a specific income level, as mandated by statutes, regulations, restrictive declarations, or regulatory agreements with federal, state, or local government entities. This change appears to update the legal framework around how affordable housing projects are classified and regulated under construction contract definitions. The modification could potentially impact how such housing projects are treated in terms of contractual and regulatory oversight, though the precise implications would depend on the specific context of the construction and housing development.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A5633