Establishes a community development financial institution disability housing program within the New York state urban development corporation.
The bill establishes a community development financial institution disability housing program within the New York state urban development corporation. It allocates funds to community development financial institutions for financing and developing supportive and supervised living facilities for individuals with developmental and mental disabilities. The corporation, in consultation with relevant offices, will promulgate necessary rules and regulations. The act takes effect on the one hundred eightieth day after it becomes law.
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