New York A 6265: Establishes the New York State Social Housing Development Authority

Bill Text

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A06265 Summary:

BILL NOA06265 

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SAME ASSAME AS S05674

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SPONSORGallagher

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COSPNSRShrestha, Anderson, Simone, Mitaynes, Forrest, Rosenthal, Epstein, Carroll R, Gonzalez-Rojas, De
 Los Santos, Simon, Lee, Alvarez, Reyes, Weprin, Otis, Gibbs, Raga, Bichotte Hermelyn, Meeks,
 Valdez, Kelles, Davila, Burdick, Steck, Shimsky, Clark, Seawright, Moreno, Levenberg, Wright

&nbsp

MLTSPNSR

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&nbsp

Establishes the New York State social housing development authority as a public benefit corporation to increase the supply of permanently affordable housing in the state through the acquisition of land and renovation or rehabilitation of existing real property, and through the construction of new, permanently affordable housing.

Go to top A06265 Actions:

BILL NOA06265 

&nbsp

02/28/2025referred to corporations, authorities and commissions

01/07/2026referred to corporations, authorities and commissions

Go to topA06265 Committee&nbspVotes:

Go to topA06265 Floor&nbspVotes:

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

Go to topA06265 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6265

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 28, 2025
 ___________

 Introduced by M. of A. GALLAGHER, SHRESTHA, ANDERSON, SIMONE, MITAYNES,
 FORREST, MAMDANI, ROSENTHAL, EPSTEIN, R. CARROLL, GONZALEZ-ROJAS,
 DE LOS SANTOS, SIMON, LEE, ALVAREZ, REYES, WEPRIN, OTIS, GIBBS, RAGA,
 BICHOTTE HERMELYN, MEEKS -- read once and referred to the Committee on
 Corporations, Authorities and Commissions

 AN ACT in relation to creating a public benefit corporation for the
 construction, acquisition, and rehabilitation of permanently afforda-
 ble housing; and making an appropriation therefor

 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 "permanently affordable social housing for New Yorkers act".
 3 § 2. Legislative findings and declaration; statement of policy. The
 4 legislature hereby finds and declares that safe, sanitary, plentiful and
 5 affordable housing accommodations are necessary for the public health,
 6 general welfare, and economy of the state. The legislature further finds
 7 and declares that a shortage of available affordable housing in communi-
 8 ties across New York undermines the economy of the state as a whole and
 9 that a state program to leverage private, local, state, and federal
 10 funds to build new, high-quality housing for working families is desper-
 11 ately needed in order to cure the shortfall in supply created by the
 12 private market.
 13 Whereas the legislature has previously authorized the creation of
 14 transportation authorities, port authorities, and water and sewer
 15 authorities, among others, to manage the construction, operation,
 16 financing, and improvement of various forms of state infrastructure and
 17 public services, and to insulate the provision of such services to New
 18 Yorkers from both the vicissitudes of political administrations and the
 19 greed of private ownership; and whereas social housing, being permanent-
 20 ly affordable and democratically controlled, represents a superior and
 21 more economical form of housing provision when compared to alternative

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD10340-01-5

 A. 6265 2

 1 methods of housing subsidy; and whereas prior forms of social housing
 2 sponsored by the legislature, including the creation of limited equity
 3 cooperatives and the Mitchell-Lama program, have been successful in
 4 creating and preserving high-quality, affordable housing for New York's
 5 residents; and whereas many areas of the state suffer from housing in
 6 dire need of rehabilitation and retrofitting; and whereas the state
 7 continues to present the possibility of freedom and economic livelihood
 8 to individuals displaced from distant lands by climate change, geopoli-
 9 tics, and forces of history; the legislature further finds and declares
 10 the necessity of creating a durable and scalable program for the ongoing
 11 construction, rehabilitation and maintenance of permanently affordable
 12 housing statew