Requires housing affordability impact notes for rules affecting housing costs.

This bill mandates that every rule affecting the cost of constructing, purchasing, owning, or selling a single-family residence or multi-unit housing development must be accompanied by a housing affordability impact note. These notes, prepared by the New York State Division of Housing and Community Renewal, must provide a reliable estimate of the rule's impact on housing affordability, including both immediate and long-term effects. The notes are to be factual and concise, and if a reliable estimate is not possible, the reasons must be stated.

Requires housing affordability impact notes for rules affecting housing costs.

This bill mandates that every rule affecting the cost of constructing, purchasing, owning, or selling a single-family residence or multi-unit housing development must be accompanied by a housing affordability impact note. These notes, prepared by the New York State Division of Housing and Community Renewal, must provide a reliable estimate of the rule's impact on housing affordability, including both immediate and long-term effects. The notes are to be factual and concise, and if a reliable estimate is not possible, the reasons must be stated.