Establishes the block by block homeownership program to provide capital subsidies for constructing, preserving, and rehabilitating one- to two-family.

The bill establishes the block by block homeownership program to provide capital subsidies for constructing, preserving, and rehabilitating one- to two-family dwellings throughout New York, outside of New York City. The program aims to address the shortage of affordable housing units available for purchase, particularly in cities like Buffalo, Rochester, Syracuse, Albany, and Binghamton. The program will prioritize funding in these cities for development on vacant, abandoned, or underutilized land owned by the municipality.

Establishes the block by block homeownership program to provide capital subsidies for constructing, preserving, and rehabilitating one- to two-family.

The bill establishes the block by block homeownership program to provide capital subsidies for constructing, preserving, and rehabilitating one- to two-family dwellings throughout New York, outside of New York City. The program aims to address the shortage of affordable housing units available for purchase, particularly in cities like Buffalo, Rochester, Syracuse, Albany, and Binghamton. The program will prioritize funding in these cities for development on vacant, abandoned, or underutilized land owned by the municipality.