Directs the New York state division of housing and community renewal to notify applicants of their placement on a waiting list for the low-income.

This bill mandates the commissioner of the New York state division of housing and community renewal to create rules and regulations ensuring that taxpayers or entities who apply for the low-income housing tax credit receive a notice of their placement on a waiting list. The rules must also include a date of expected credit allocation for successful applicants, allowing them to plan financially without needing to continuously reapply. The bill authorizes the commissioner to manage the waiting list, including making revisions.

Directs the New York state division of housing and community renewal to notify applicants of their placement on a waiting list for the low-income.

This bill mandates the commissioner of the New York state division of housing and community renewal to create rules and regulations ensuring that taxpayers or entities who apply for the low-income housing tax credit receive a notice of their placement on a waiting list. The rules must also include a date of expected credit allocation for successful applicants, allowing them to plan financially without needing to continuously reapply. The bill authorizes the commissioner to manage the waiting list, including making revisions.