Establishes a housing project revolving loan program to encourage mixed income housing development.

New York A00799 creates a housing project revolving loan program and fund to provide zero-percent or low-interest loans to residential housing developers for mixed income housing projects. At least 20% of units must be rented to individuals at or below 50% of the area median income. The program aims to maximize affordable housing production. Funds must be returned to the revolving loan fund upon project completion. Developers cannot pair program funds with federal low-income housing tax credits.

Establishes a housing project revolving loan program to encourage mixed income housing development.

New York A00799 creates a housing project revolving loan program and fund to provide zero-percent or low-interest loans to residential housing developers for mixed income housing projects. At least 20% of units must be rented to individuals at or below 50% of the area median income. The program aims to maximize affordable housing production. Funds must be returned to the revolving loan fund upon project completion. Developers cannot pair program funds with federal low-income housing tax credits.