Establishes the block by block homeownership program to provide capital subsidies for the purpose of constructing, preserving, and rehabilitating one- to two- family dwellings throughout the state, outside of NYC.
Summary
Bill S01398 establishes the Block by Block Homeownership Program aimed at addressing the shortage of affordable housing in upstate New York, specifically targeting cities like Buffalo, Rochester, Syracuse, Albany, and Binghamton. The program will provide capital subsidies for constructing, preserving, and rehabilitating one- to two-family dwellings on underutilized land, with a focus on making these homes available to low and moderate-income buyers. The legislation emphasizes the importance of homeownership in building generational wealth and aims to promote access to affordable housing for those who currently lack it.
Impact
The bill will amend the private housing finance law to create a new framework for homeownership assistance in New York. It will facilitate the development of affordable housing units by providing financial support for construction and rehabilitation projects. This initiative is expected to positively impact the housing market in targeted cities by increasing the availability of affordable homes, thereby helping to alleviate the housing crisis in these areas.
Sentiment
The sentiment surrounding Bill S01398 appears to be largely positive, as evidenced by the strong support in committee votes, with the Senate Housing, Construction and Community Development Committee voting 10-1 in favor, and subsequent votes showing unanimous support. The bill has been recognized as a necessary step towards improving housing conditions for low and moderate-income families in upstate New York.
Contention
While the overall support for the bill is strong, some contention may arise regarding the prioritization of funding and resources for specific cities, potentially leading to concerns about equitable distribution across the state. Additionally, there may be differing opinions on the effectiveness of government intervention in the housing market and the long-term sustainability of such programs.
Same As
Establishes the block by block homeownership program to provide capital subsidies for the purpose of constructing, preserving, and rehabilitating one- to two- family dwellings throughout the state, outside of NYC.
Establishes the block by block homeownership program to provide capital subsidies for the purpose of constructing, preserving, and rehabilitating one- to two- family dwellings throughout the state, outside of NYC.
Establishes the block by block homeownership program to provide capital subsidies for the purpose of constructing, preserving, and rehabilitating one- to two- family dwellings throughout the state, outside of NYC.
Establishes the veterans' services organization capital support program to provide funding for payment of the capital costs of construction, improvement, repairs, rehabilitation, or reconstruction of certain facilities.
Requires a call-blocking service to be provided in state contracts that include procurement of a voice service; provides that a voice service provider shall not be subject to civil or criminal liability for failure of a call-blocking service to block a call, or mistakenly blocking a call that should not have been blocked.