New York A 7089: Authorizes industrial development agencies to provide assistance to qualified residential facilities

Bill Text

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A07089 Summary:

BILL NOA07089 

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SAME ASNo Same As

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SPONSORPretlow

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COSPNSR

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MLTSPNSR

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Amd §854, Gen Muni L

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Authorizes industrial development agencies to provide technical and financial assistance to qualified residential facilities; defines "qualified residential facility" as any multi-family residential facility with units that are for sale, in any municipality located within the county of Westchester, and which is located in an urban renewal area.

Go to top A07089 Actions:

BILL NOA07089 

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03/20/2025referred to local governments

01/07/2026referred to local governments

Go to topA07089 Committee&nbspVotes:

Go to topA07089 Floor&nbspVotes:

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

Go to topA07089 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7089

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 20, 2025
 ___________

 Introduced by M. of A. PRETLOW -- read once and referred to the Commit-
 tee on Local Governments

 AN ACT to amend the general municipal law, in relation to authorizing
 industrial development agencies to provide assistance to qualified
 residential facilities

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

 1 Section 1. Subdivision 4 of section 854 of the general municipal law,
 2 as amended by section 5 of part X of chapter 59 of the laws of 2021, is
 3 amended to read as follows:
 4 (4) "Project" - shall mean any land, any building or other improve-
 5 ment, and all real and personal properties located within the state of
 6 New York and within or outside or partially within and partially outside
 7 the municipality for whose benefit the agency was created, including,
 8 but not limited to, machinery, equipment and other facilities deemed
 9 necessary or desirable in connection therewith, or incidental thereto,
 10 whether or not now in existence or under construction, which shall be
 11 suitable for manufacturing, warehousing, research, commercial, renewable
 12 energy or industrial purposes or other economically sound purposes iden-
 13 tified and called for to implement a state designated urban cultural
 14 park management plan as provided in title G of the parks, recreation and
 15 historic preservation law and which may include or mean an industrial
 16 pollution control facility, a recreation facility, educational or
 17 cultural facility, a horse racing facility, a railroad facility, a qual-
 18 ified residential facility, a renewable energy project or an automobile
 19 racing facility, provided, however, no agency shall use its funds or
 20 provide financial assistance in respect of any project wholly or
 21 partially outside the municipality for whose benefit the agency was
 22 created without the prior consent thereto by the governing body or
 23 bodies of all the other municipalities in which a part or parts of the
 24 project is, or is to be, located, and such portion of the project

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD10716-01-5

 A. 7089 2

 1 located outside such municipality for whose benefit the agency was
 2 created shall be contiguous with the portion of the project inside such
 3 municipality.
 4 § 2. Section 854 of the general municipal law is amended by adding a
 5 new subdivision 22 to read as follows:
 6 (22) "Qualified residential facility" - shall mean any multi-family
 7 residential facility with units that are for sale, in any municipality
 8 located within the county of Westchester, and which is located in an
 9 urban renewal area designated under article fifteen of this chapter or a
 10 highly distressed area, together with buildings, structures, machinery,
 11 equipment, facilities and appurtenances thereto deemed necessary, useful
 12 or desirable in connection therewith, or incidental thereto, but shall
 13 not include a continuing care retirement community.
 14 § 3. This act shall take effect immediately.

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