Establishes the build up New York pilot program to provide grants to eligible municipalities that construct new accessory dwelling unit housing projects built on top of existing buildings that utilize mass timber and serve certain households; establishes the mass timber for affordable housing program to provide tax credits for eligible taxpayers who use mass timber in certain new construction or major retrofits of existing buildings that primarily serve households up to one hundred fifty percent of the area median income; establishes tax credits for mass timber production.
Impact
If passed, the FRAME Act will significantly amend the public housing law and the tax law in New York to implement the 'Build Up New York Pilot Program,' which includes grant provisions for municipalities and a new tax credit for participants in the mass timber program. These changes are intended to tackle the housing crisis by increasing the availability of affordable housing options and also to align with New York's climate goals by promoting the use of sustainable building materials. Advocates for the bill believe that using mass timber can reduce costs and accelerate housing production, thereby addressing urgent housing needs.
Summary
Bill A09255, known as the 'Facilitating Resilient Affordable Mass Timber Expansion Act' or 'FRAME Act', aims to establish a pilot program in New York to encourage the construction of affordable housing using mass timber, an engineered wood product that is both sustainable and efficient. The bill includes provisions for providing grants to eligible municipalities that construct new accessory dwelling units (ADUs) built on top of existing buildings. Furthermore, the bill facilitates an environment that promotes the use of mass timber in affordable housing projects through tax incentives and spurs investment in facilities that produce mass timber products within the state.
Contention
However, the bill has not been without its critics. There are concerns regarding the implementation of such programs and their potential impacts on local regulations, as well as the readiness of municipalities to comply with the characteristics demanded by mass timber construction. Some stakeholders worry about the efficacy of the pilot program in producing tangible benefits within a relatively short timeframe, and whether the proposed tax credits will be sufficient to encourage participation. As the state grapples with the challenge of affordable housing, the balance between innovative building practices and practical execution will be closely monitored.
Same As
Establishes the build up New York pilot program to provide grants to eligible municipalities that construct new accessory dwelling unit housing projects built on top of existing buildings that utilize mass timber and serve certain households; establishes the mass timber for affordable housing program to provide tax credits for eligible taxpayers who use mass timber in certain new construction or major retrofits of existing buildings that primarily serve households up to one hundred fifty percent of the area median income; establishes tax credits for mass timber production.
Establishes the build up New York pilot program to provide grants to eligible municipalities that construct new accessory dwelling unit housing projects built on top of existing buildings that utilize mass timber and serve certain households; establishes the mass timber for affordable housing program to provide tax credits for eligible taxpayers who use mass timber in certain new construction or major retrofits of existing buildings that primarily serve households up to one hundred fifty percent of the area median income; establishes tax credits for mass timber production.
Requires community median income be used by certain affordable housing programs in a city having a population of one million or more; requires affordable housing programs using state funding to cover 33 percent or more of the construction costs of a building or buildings to use community median income to determine income eligibility and rent levels; exempts programs utilizing federal funding.
Establishes the USDA construction tax credit for a percentage of the profit on any newly constructed home that is sold to someone qualifying with a USDA mortgage.
Establishes a new article in the state building code that provides that certain new housing construction contain at least one floor that meets the requirements for a Type C "ANSI'' Standards for Accessible and Usable Buildings and Facilities.
Establishes a new article in the state building code that provides that certain new housing construction contain at least one floor that meets the requirements for a Type C "ANSI'' Standards for Accessible and Usable Buildings and Facilities.
Establishes the USDA construction tax credit for a percentage of the profit on any newly constructed home that is sold to someone qualifying with a USDA mortgage.
Revenue and taxation; tax credit for newly constructed residences built by a residential contractor or builder that are sold to taxpayers earning no more than 80 percent of the area median income; provide
Requires certain large buildings in the city of New York to be retrofitted with sprinkler systems that are compliant with the NY state uniform fire prevention and building code.
Establishes income eligibility requirements that a tenant shall have income not to exceed one hundred twenty-five percent of the area median income to be eligible to occupy certain rent-regulated housing accommodations.