Bill > S06519

This bill directs the commissioner of housing and community renewal to conduct a comprehensive study on creating a new statewide affordable housing agency in New York. The proposed study, to be conducted in consultation with the director of the budget and the commissioner of taxation and finance, will examine the potential effectiveness of establishing a dedicated agency specifically focused on directly building affordable housing using state funds. A unique aspect of the proposed agency would be its commitment to employing New York state residents in the construction process. Within one year of the bill's effective date, the commissioner is required to prepare and submit a detailed report to key state leadership, including the governor, senate leaders, and assembly leaders. The report will include findings and recommendations for potential legislative and regulatory actions needed to establish such an agency. The bill would take effect immediately upon passage, signaling the state's urgent interest in addressing affordable housing challenges through a targeted, state-managed approach.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/S6519