Relates to floor area ratio; provides that except as otherwise provided in and determined under a zoning law, ordinance, or resolution of a city with a population of one million or more, or after consultation with local officials, as provided in a general project plan of the New York state urban development corporation, the floor area ratio (FAR) of any dwelling or dwellings on a lot shall not exceed 12.0.
Relates to requiring affordable housing projects to calculate and only use the area median income for the specific county that the project is located in for determining affordability.
Expands access to mortgage loans for cooperative properties under the homes for veterans program, as administered by the state of New York mortgage agency.
Requires rent stabilized housing accommodations lost or destroyed due to fire, natural disaster, act of God, act of war or eminent domain, to be replaced in any succeeding construction on the same parcel.
Requires windows in newly constructed multiple dwellings with two or more stories to be fitted with key-operated window locks that restrict the window from opening more than four inches.
Establishes the first-time homebuyer assistance program within the state of New York mortgage agency to provide assistance to first-time homebuyers of certain residential units.
Imposes certain governance and reporting requirements on the New York city housing authority; requires the establishment of a training program for board members of NYCHA; makes related provisions.
Establishes the first-generation homebuyer assistance program to provide a zero-interest, forgivable loan award in the amount of up to $15,000 to first-generation homebuyers.
Prohibits the adjustment of maximum allowable rent where any modification, increase or improvement is made to accommodate the needs of a disabled tenant; defines disabled tenant.
Requires affordable housing funded by the state be used for veterans and people with disabilities, with each group receiving five percent of such affordable housing.