New York S04309 authorizes the city of New York to partner with labor unions to finance affordable housing for city employees.

New York S04309 amends the private housing finance law to allow 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 units exclusively occupied by city employees. The bill specifies that units must meet certain criteria, such as occupancy by city employees and income limits. The act takes effect immediately upon enactment.

New York S04309 authorizes the city of New York to partner with labor unions to finance affordable housing for city employees.

New York S04309 amends the private housing finance law to allow 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 units exclusively occupied by city employees. The bill specifies that units must meet certain criteria, such as occupancy by city employees and income limits. The act takes effect immediately upon enactment.