Expands the urban development action area act to include any city, not just those with one million or more residents.

New York Assembly Bill A05968 amends the urban development action area act by broadening the definition of "municipality" to include any city, rather than limiting it to cities with a population of one million or more. This change also expands the definition of "eligible area" to include any real property held by a municipality, with certain exceptions. The bill aims to facilitate neighborhood improvement projects in various cities by allowing mortgage loans for such projects. The changes take effect immediately upon enactment.

Expands the urban development action area act to include any city, not just those with one million or more residents.

New York Assembly Bill A05968 amends the urban development action area act by broadening the definition of "municipality" to include any city, rather than limiting it to cities with a population of one million or more. This change also expands the definition of "eligible area" to include any real property held by a municipality, with certain exceptions. The bill aims to facilitate neighborhood improvement projects in various cities by allowing mortgage loans for such projects. The changes take effect immediately upon enactment.