Bill > A05978

This bill amends the state finance law to require that any construction project funded wholly or partially by public funds must reserve specific percentages of affordable housing units for certain groups. Specifically, the bill mandates that five percent of affordable dwelling units or manufactured home park lots must be designated as primary residences for veterans, and another five percent must be designated for people with disabilities. The bill provides definitions for key terms, including defining "construction project" as any construction work involving residential dwelling units or manufactured home parks funded by public money, and referencing existing legal definitions for terms like "veteran" from the veterans' services law. This legislation aims to ensure that state-funded affordable housing developments provide dedicated housing options for veterans and individuals with disabilities, helping to address housing needs for these specific populations. The bill would take effect immediately upon passage, requiring developers of publicly funded housing projects to comply with these new allocation requirements.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A5978