Alters tax exemption programs for the development of new and affordable housing; defines "initial construction period" and "extended construction period"; makes related changes.
Affordable Housing Construction Act
Revenue and taxation; sales tax exemption; nonprofits; construction of affordable housing; disaster repair; effective date.
Enacts the "sustainable affordable housing and sprawl prevention act"; exempts or limits environmental review under SEQR for the construction of certain new residential units to avoid creating unnecessary housing sprawl; limits certain rights to action under SEQR; makes related provisions.
Enacts the "sustainable affordable housing and sprawl prevention act"; exempts or limits environmental review under SEQR for the construction of certain new residential units to avoid creating unnecessary housing sprawl; limits certain rights to action under SEQR; makes related provisions.
Reduces term of affordability required for affordable housing created through middle housing construction or conversion.
Establishes Nonprofit Housing Construction and Rehabilitation Pilot Program to facilitate affordable housing construction.
Allows taxpayers to utilize alternative method of depreciation of certain expenditures in connection with construction of new affordable housing developments.
Authorizes use of affordable housing and municipal development fee trust funds for planning and construction of certain child care centers.
Allows taxpayers to utilize alternative method of depreciation of certain expenditures in connection with construction of new affordable housing developments.