Establishes a shovel-ready housing program for municipalities to pre-authorize property for housing construction and a tax rebate for eligible.

The bill establishes a shovel-ready housing program allowing certain municipalities to pre-authorize property for housing construction. Municipalities can opt-in to the program, which requires pre-authorizing parcels to increase housing units by at least one percent or ten units, whichever is greater. The bill also creates a shovel-ready community tax rebate for eligible taxpayers in participating municipalities. To qualify, taxpayers must own and reside in property receiving the STAR exemption or credit and meet income limits.

Establishes a shovel-ready housing program for municipalities to pre-authorize property for housing construction and a tax rebate for eligible.

The bill establishes a shovel-ready housing program allowing certain municipalities to pre-authorize property for housing construction. Municipalities can opt-in to the program, which requires pre-authorizing parcels to increase housing units by at least one percent or ten units, whichever is greater. The bill also creates a shovel-ready community tax rebate for eligible taxpayers in participating municipalities. To qualify, taxpayers must own and reside in property receiving the STAR exemption or credit and meet income limits.