Establishes the New York State social housing development authority to increase affordable housing supply.

The bill establishes the New York State social housing development authority as a public benefit corporation. It aims to increase the supply of permanently affordable housing in the state through the acquisition of land, renovation or rehabilitation of existing real property, and construction of new housing. The authority will manage residential projects, ensuring they remain permanently affordable. It will also create a clearinghouse for public information on real estate assets and opportunities for contractors.

Establishes the New York State social housing development authority to increase affordable housing supply.

The bill establishes the New York State social housing development authority as a public benefit corporation. It aims to increase the supply of permanently affordable housing in the state through the acquisition of land, renovation or rehabilitation of existing real property, and construction of new housing. The authority will manage residential projects, ensuring they remain permanently affordable. It will also create a clearinghouse for public information on real estate assets and opportunities for contractors.