Authorizes cities and towns to establish community housing funds and impose a real estate transfer tax.

New York A00331 allows cities and towns, except those with a population of one million or more, to establish community housing funds. These funds can receive revenues from a real estate transfer tax imposed by the city or town. The bill outlines the purposes of the funds, including financial assistance for first-time homebuyers, community housing production, and housing counseling services. It also details the tax's imposition, exemptions, and the handling of tax returns.

Authorizes cities and towns to establish community housing funds and impose a real estate transfer tax.

New York A00331 allows cities and towns, except those with a population of one million or more, to establish community housing funds. These funds can receive revenues from a real estate transfer tax imposed by the city or town. The bill outlines the purposes of the funds, including financial assistance for first-time homebuyers, community housing production, and housing counseling services. It also details the tax's imposition, exemptions, and the handling of tax returns.