Bill > A07089

This bill amends the General Municipal Law to expand the definition of "project" for industrial development agencies (IDAs) to include "qualified residential facilities" and adds a new definition for "qualified residential facility" specifically for Westchester County. Under the bill, a qualified residential facility is defined as a multi-family residential development with units for sale, located in a municipality within Westchester County, and situated in either an urban renewal area or a highly distressed area. The bill allows IDAs to provide technical and financial assistance to such residential projects, which was not previously permitted. This amendment gives IDAs more flexibility to support residential housing development in targeted areas, potentially helping to revitalize urban neighborhoods or address housing needs in Westchester County. The bill explicitly excludes continuing care retirement communities from this definition. The legislation would take effect immediately upon enactment.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A7089