Establishes a community housing fund in the town of Rochester, Ulster County, to provide housing opportunities for its residents.
The bill establishes a community housing fund in the town of Rochester, Ulster County, to provide housing opportunities for its residents. The fund will be financed by a supplemental real estate transfer tax. The town board must adopt a housing plan that adheres to smart growth principles, including equitable distribution of housing opportunities, transportation choices, and community collaboration. The fund will be used for financial assistance to first-time homebuyers, acquisition and rehabilitation of existing buildings, and other housing-related expenses.
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- Core Provisions
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- Legal Framework
- Critical Issues
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