New York S 9423: Establishes the Redeveloping Empty and Vacant Infrastructure for Vibrant Economies Act or the REVIVE Act

Bill Text

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S09423 Summary:

BILL NOS09423 

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SAME ASSAME AS A10632

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SPONSORSKOUFIS

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COSPNSRBOTTCHER

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MLTSPNSR

&nbsp

Add Art 17 §§530 - 532, RP L

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Provides for the adaptive reuse of certain parcels which are zoned for commercial, office, retail, or parking.

Go to top S09423 Actions:

BILL NOS09423 

&nbsp

03/11/2026REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Go to topS09423 Committee&nbspVotes:

Go to topS09423 Floor&nbspVotes:

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

Go to topS09423 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9423

 IN SENATE

 March 11, 2026
 ___________

 Introduced by Sen. SKOUFIS -- read twice and ordered printed, and when
 printed to be committed to the Committee on Housing, Construction and
 Community Development

 AN ACT to amend the real property law, in relation to providing for the
 adaptive reuse of certain parcels which are zoned for commercial,
 office, retail, or parking

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

 1 Section 1. This act shall be known and may be cited as the "Redevelop-
 2 ing Empty and Vacant Infrastructure for Vibrant Economies Act" or the
 3 "REVIVE Act".
 4 § 2. The Legislature finds and declares: For decades, shopping plazas,
 5 retail centers, and office parks played a vital role in New York's
 6 economic and social fabric. Today, however, many of these properties are
 7 in decline due to changing economic conditions, evolving consumer pref-
 8 erences, and the rise of alternative retail and business models. Many
 9 such centers and their parking lots have become underutilized or
 10 outright0 vacant, such that academics and planners have deemed them to
 11 be "stranded assets."
 12 At the same time, New York is confronting a severe housing crisis that
 13 demands an aggressive, coordinated response. Addressing this crisis
 14 requires innovative approaches that unlock the potential of stranded
 15 assets for housing and community development, while thoughtfully balanc-
 16 ing statewide housing goals with the needs and preferences of locali-
 17 ties. A 2024 report by New York State Comptroller Thomas DiNapoli
 18 concludes that, "The State must take action to stimulate community-ap-
 19 propriate development actions and enhance the supply and diversity of
 20 the housing stock." An efficient way for the State to increase the hous-
 21 ing supply is to open up and streamline the processes for turning vacant
 22 retail and parking lots into new homes.
 23 Converting obsolete retail centers and parking lots into vibrant
 24 mixed-use communities would promote the general welfare by revitalizing
 25 underused properties, creating new opportunities for housing, busi-
 26 nesses, and recreation, and strengthening the economic and social vital-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14933-04-6

 S. 9423 2

 1 ity of New York's municipalities. One significant impediment to these
 2 conversions is the continued application of outdated and rigid municipal
 3 zoning regulations that unnecessarily separate residential and commer-
 4 cial uses. To promote the development of dynamic, mixed-use communities
 5 that serve both local and statewide interests, it is appropriate for the
 6 Legislature to establish standards that remove barriers to the redevel-
 7 opment of stranded assets, while balancing the desires of munici-
 8 palities, to unlock numerous housing opportunities for everyday New
 9 Yorkers.
 10 § 3. The real property law is amended by adding a new article 17 to
 11 read as follows:
 12 ARTICLE 17
 13 REVIVE OR REDEVELOPING EMPTY AND VACANT INFRASTRUCTURE FOR VIBRANT
 14 ECONOMIES ACT
 15 Section 530. Definitions.
 16 531. Eligible projects.
 17 532. Density, height, parking, and other requirements.
 18 § 530. Definitions. For the purposes of this article, the following
 19 terms shall have the following meanings:
 20 1. "Adaptive reuse" means the repurposing of existing buildings,
 21 structures, or lots in whole or in part for residential purposes.
 22 2. "Serviced lot" refers to a legal parcel of land connected to both
 23 municipal water and sewer s