Bill > A06290

This bill establishes the Block by Block Homeownership Program, administered by the Division of Housing and Community Renewal, to address affordable housing shortages in upstate New York cities like Buffalo, Rochester, Syracuse, Albany, and Binghamton. The program will provide capital subsidies to construct, preserve, and rehabilitate one- to two-family dwellings outside of New York City, focusing on vacant, abandoned, or underutilized municipal land. The dwellings will be sold to low and moderate-income individuals or families who do not own other real property and intend to use the home as their primary residence. The program includes restrictions to ensure subsequent sales also go to low and moderate-income buyers, helping to promote homeownership and generational wealth-building in these communities. The bill allows for additional loans or grants to be used in conjunction with the program, and the funding will prioritize development in the specified upstate cities. The Division of Housing and Community Renewal will create rules and regulations to implement this new program, subject to legislative appropriation.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A6290