Sets standards for advertising deeply affordable housing in New York.

The bill amends the general business law to establish standards for advertising deeply affordable housing. It defines deeply affordable housing as affordable to a very low-income family, as per 24 CFR 5.603. The bill mandates that when municipal governments or the state provide information about available deeply affordable housing units, they must adhere to these advertising rules. It also requires that advertisements for buildings or housing developments with both deeply affordable and market-rate units clearly state the percentage or number of deeply affordable units.

Sets standards for advertising deeply affordable housing in New York.

The bill amends the general business law to establish standards for advertising deeply affordable housing. It defines deeply affordable housing as affordable to a very low-income family, as per 24 CFR 5.603. The bill mandates that when municipal governments or the state provide information about available deeply affordable housing units, they must adhere to these advertising rules. It also requires that advertisements for buildings or housing developments with both deeply affordable and market-rate units clearly state the percentage or number of deeply affordable units.