Establishes the New York State social housing development authority to increase affordable housing supply.

The bill creates the New York State social housing development authority as a public benefit corporation. It aims to increase the supply of permanently affordable housing through land acquisition, property renovation, and new construction. The authority will prioritize acquisitions based on regional housing needs and community feedback. It will also establish a clearinghouse for information on available properties and opportunities for contractors and investors. The authority will manage its projects through a lottery system and ensure equal quality across income levels.

Establishes the New York State social housing development authority to increase affordable housing supply.

The bill creates the New York State social housing development authority as a public benefit corporation. It aims to increase the supply of permanently affordable housing through land acquisition, property renovation, and new construction. The authority will prioritize acquisitions based on regional housing needs and community feedback. It will also establish a clearinghouse for information on available properties and opportunities for contractors and investors. The authority will manage its projects through a lottery system and ensure equal quality across income levels.