New York A 5905: Requires affordable housing units to be equally distributed throughout building projects

Bill Text

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A05905 Summary:

BILL NOA05905 

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SAME ASNo Same As

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SPONSORRosenthal

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COSPNSR

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MLTSPNSR

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Amd §421-a, RPT L

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Requires affordable housing units to be equally distributed throughout building projects.

Go to top A05905 Actions:

BILL NOA05905 

&nbsp

02/24/2025referred to real property taxation

01/07/2026referred to real property taxation

Go to topA05905 Committee&nbspVotes:

Go to topA05905 Floor&nbspVotes:

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

Go to topA05905 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5905

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 24, 2025
 ___________

 Introduced by M. of A. ROSENTHAL -- read once and referred to the
 Committee on Real Property Taxation

 AN ACT to amend the real property tax law, in relation to the distrib-
 ution of affordable units in certain projects

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

 1 Section 1. Subdivision 7 of section 421-a of the real property tax law
 2 is amended by adding four new paragraphs (h), (i), (j) and (k) to read
 3 as follows:
 4 (h) Affordable units must be proportionally dispersed throughout the
 5 project and may not be concentrated in certain floors, buildings or
 6 areas of a building or buildings.
 7 (i) Affordable units must have equal access to common spaces, amen-
 8 ities, and ingress and egress as market-rate units.
 9 (j) Within a city having a population of one million or more, the city
 10 council may, by majority vote, waive the requirements of paragraphs (h)
 11 and (i) of this subdivision for any project.
 12 (k) Any projects completed prior to the effective date of this para-
 13 graph shall ensure compliance with paragraph (i) of this section.
 14 § 2. This act shall take effect immediately and shall apply to
 15 projects that remain in construction as of the effective date of this
 16 section.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 A LBD02875-02-5

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