New York S 2523: Establishes the jobs and housing pilot program to create jobs in the construction industry and address the housing crisis

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S02523 Summary:

BILL NOS02523A

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SAME ASSAME AS A03996-A

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SPONSORRAMOS

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COSPNSRADDABBO, BOTTCHER, COMRIE, HARCKHAM, JACKSON, LIU, PARKER, RIVERA, RYAN C, SALAZAR, SANDERS,
 SCARCELLA-SPANTON, SERRANO, STAVISKY

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MLTSPNSR

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Add Art 31-A §§1283 - 1286, Priv Hous Fin L

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Establishes the "jobs and housing act"; directs the private housing finance agency to develop and administer a jobs and housing pilot program to construct and preserve housing, including workforce housing, that is affordable to low and moderate income persons, and creates jobs for those who build and work in such housing.

Go to top S02523 Actions:

BILL NOS02523A

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01/21/2025REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

01/07/2026REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

04/01/2026AMEND AND RECOMMIT TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

04/01/2026PRINT NUMBER 2523A

05/18/2026REPORTED AND COMMITTED TO FINANCE

Go to topS02523 Committee&nbspVotes:

Go to topS02523 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS02523 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2523--A

 2025-2026 Regular Sessions

 IN SENATE

 January 21, 2025
 ___________

 Introduced by Sens. RAMOS, ADDABBO, COMRIE, HARCKHAM, JACKSON, LIU,
 PARKER, RIVERA, C. RYAN, SALAZAR, SANDERS, SCARCELLA-SPANTON, SERRANO,
 STAVISKY -- read twice and ordered printed, and when printed to be
 committed to the Committee on Housing, Construction and Community
 Development -- recommitted to the Committee on Housing, Construction
 and Community Development in accordance with Senate Rule 6, sec. 8 --
 committee discharged, bill amended, ordered reprinted as amended and
 recommitted to said committee

 AN ACT to amend the private housing finance law, in relation to estab-
 lishing a jobs and housing pilot program to create jobs in the
 construction industry and address the housing crisis

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Short title. This act shall be known and may be cited as
 2 the "jobs and housing act".
 3 § 2. Legislative intent. 1. The legislature finds and declares that
 4 New York state is in the midst of a jobs and housing crisis. More than
 5 half of renters statewide are rent-burdened, spending more than 30% of
 6 their income on rent. Over 60,000 New Yorkers are homeless. Home owner-
 7 ship has slipped out of reach for an entire generation, cracking the
 8 foundation of the American Dream and threatening to deepen the racial
 9 wealth gap. The backbone of New York state's existing supply of afforda-
 10 ble housing is in jeopardy; new unfunded renewable energy mandates
 11 threaten to impose extraordinary capital costs on Mitchell-Lama and
 12 similar limited equity cooperatives built by labor unions that will push
 13 them out of affordability.
 14 2. The housing crisis has also become a labor crisis due to shortages
 15 of workforce housing. Over 500,000 people left New York state in 2022,
 16 driven out of the state by high housing costs. Working families and
 17 talented professionals are leaving New York in search of a path to
 18 homeownership, or at least housing they can afford. In New York city,

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05639-03-6

 S. 2523--A 2

 1 civil service positions that require residency, once highly sought-after
 2 as a ticket to middle-class stability, have now become harder to fill.
 3 New York state must dramatically expand its supply of affordable housing
 4 to remain competitive in the global economy.
 5 3. The housing crisis is exacerbating a crisis of good jobs, which in
 6 turn exacerbates the housing crisis. Median real household income has
 7 declined by 7.2% in New York state since 2019. Workers are squeezed by
 8 skyrocketing housing costs on the one hand, and stagnant real wages on
 9 the other. Historically, union careers in the construction industry have
 10 been a pathway to the middle class for thousands of New Yorkers, partic-
 11 ularly immigrant workers, workers of color, and workers without college
 12 degrees, but since 2019, the indust