This bill allows the Top Community Development Corporation to apply for a real property tax exemption for a specific building in Brooklyn that it recently acquired. The legislation authorizes the city finance commissioner to review and approve this application retroactively, treating it as if it had been filed on time. If approved, the corporation could receive a refund of taxes already paid and have any associated fines or penalties canceled, provided the refund falls within a three-year limit. Essentially, the law creates a special pathway for this specific organization to correct a missed filing deadline and potentially recover past tax payments.
This bill proposes creating a dedicated section within New York City's housing court specifically for legal cases involving condominiums and cooperative buildings. By adding a new subdivision to the existing civil court act, the legislation aims to streamline the handling of disputes related to these types of residential properties. The changes would take effect approximately six months after the bill is signed into law, allowing the court to focus on these matters in a more organized manner.
Provides that for any school district located wholly or partially within a municipality that meets transit-oriented development or housing growth benchmarks, the approved building aid ratio for any eligible capital construction project shall be increased by five percentage points.
Increases the maximum aggregate principal amount of the outstanding notes and bonds of the New York city housing development corporation from twenty billion dollars to twenty-two billion dollars.
This bill authorizes the State University of New York trustees to lease approximately 11.5 acres of underutilized land at the SUNY Stony Brook campus to a non-profit housing organization. The agreement would allow the development of multi-purpose facilities to address housing needs and related amenities for a period of up to 99 years, with the land reverting to the university if the project stops or the lease ends. While the lease does not require public bidding, the deal must be approved by state officials, and any construction work on the site must follow state labor laws regarding wages and public work standards. The legislation also includes strict provisions to prevent the university from contracting out specific administrative or instructional services currently performed by state employees, ensuring those jobs remain with public workers.
This bill authorizes SUNY trustees to lease approximately 11.5 acres of underutilized land at the Stony Brook campus to a nonprofit housing development corporation. The agreement would allow the construction and operation of multi-purpose facilities to address housing needs and community amenities for up to 99 years, with the land reverting to the university if the project stops or the lease ends. To ensure public accountability, the lease requires approval from state budget, legal, and accounting officials, and all construction work must follow state labor laws and prevailing wage requirements. Additionally, the legislation explicitly prohibits the university from contracting out any current public employee duties, such as instruction or administrative services, to the private lessee or its subsidiaries.
Establishes a former foster youth priority program that reserves at least five percent of units in housing lotteries that are administered by the New York city department of housing preservation and development or the New York city housing development corporation for eligible former foster youth; authorizes the promulgation of rules, regulations and marketing handbooks and procedural guidelines; establishes reporting requirements.
Increases the maximum aggregate principal amount of the outstanding notes and bonds of the New York city housing development corporation from twenty billion dollars to twenty-two billion dollars.
Defines community significant projects as a business creating or retaining current jobs as determined by the commissioner, with particular emphasis on employment and/or training of current public housing residents; currently located or to be located in existing leased space of a building in a public housing development in the state; and which makes significant qualified capital investments to start a business, or improve services and working conditions for an existing business, when located in such public housing space and including such projects in the excelsior jobs program.
The REVIVE Act aims to address New York's housing shortage by allowing the conversion of vacant commercial and parking properties into residential developments. It applies to parcels zoned for commercial, office, retail, or parking uses that have been at least 50% vacant for one year and meet specific size and infrastructure requirements. The bill establishes state-level standards that override local zoning restrictions by mandating minimum density levels, limiting parking requirements to one space per unit, and setting strict approval timelines for municipalities. Additionally, it permits increased building heights in certain areas and creates a streamlined ministerial review process to expedite development approvals.
