New York S04416 amends the public housing law to allow low-income housing tax credits for both new housing projects and those renovating existing.
New York S04416 amends the public housing law to specify that low-income housing tax credits can be issued for projects creating new housing and for projects renovating and preserving existing housing. This change nullifies a previous determination by the Division of Housing and Community Renewal that renovation projects did not qualify for these tax credits. The bill takes effect immediately upon enactment.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.