New York A07107 allows the city of New York to partner with labor unions to finance affordable housing for union members.

New York A07107 amends the private housing finance law to authorize the city of New York to enter into cooperative partnerships with collective bargaining units representing city employees. These partnerships aim to finance the construction of affordable housing for union members. The housing units must be exclusively occupied by city employees, and the combined income of all members residing in the unit must be less than 125% of the area median income. Leases or rental agreements for these units cannot be extended or renewed if the eligibility criteria are no longer met.

New York A07107 allows the city of New York to partner with labor unions to finance affordable housing for union members.

New York A07107 amends the private housing finance law to authorize the city of New York to enter into cooperative partnerships with collective bargaining units representing city employees. These partnerships aim to finance the construction of affordable housing for union members. The housing units must be exclusively occupied by city employees, and the combined income of all members residing in the unit must be less than 125% of the area median income. Leases or rental agreements for these units cannot be extended or renewed if the eligibility criteria are no longer met.