Bill > S09679

This bill establishes the "Block by Block Homeownership Program" to address a shortage of affordable housing outside of New York City, particularly in cities like Buffalo, Rochester, Syracuse, Albany, and Binghamton, by providing government funds (capital subsidies) to build, maintain, and fix up one- to two-family homes on underused land. The program, managed by the Division of Housing and Community Renewal (DHCR), will prioritize development on vacant or abandoned municipal land in those specific cities, and the resulting homes will be sold to individuals or families with low or moderate incomes who do not own other property and intend to live in the home as their primary residence, with future sales also restricted to similar buyers.