Bill > A10546

This bill establishes a new program within the New York State Urban Development Corporation (UDC) called the Community Development Financial Institution Disability Housing Program, aiming to increase the availability of housing for individuals with mental and developmental disabilities. The program will allocate up to $25 million from the Community Development Financial Institutions Fund to Community Development Financial Institutions (CDFIs), which are entities that provide financial services to underserved communities. These CDFIs will use the funds to finance the creation of "supportive living facilities" and "supervised living facilities," which are types of housing designed to assist individuals with disabilities, as defined in the Mental Hygiene Law. The UDC will work with the Office of Mental Health, the Office for People With Developmental Disabilities, and the Office of Addiction Services and Supports to create rules and regulations for the program, and the allocation of funds will follow existing provisions related to the Community Development Financial Institutions Fund.