Bill

Bill > S09679


NY S09679

NY S09679
Establishes the block by block homeownership program to provide capital subsidies for the purpose of constructing, preserving, and rehabilitating one- to two- family dwellings throughout the state, outside of NYC.


summary

Introduced
04/01/2026
In Committee
04/01/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the private housing finance law, in relation to establishing the block by block homeownership program

AI Summary

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.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

Senate Housing, Construction and Community Development Committee Hearing (14:00:00 4/20/2026 Room 511 LOB) (on 04/20/2026)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...