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 fund will be used for the production and maintenance of community housing, rehabilitation of existing buildings, acquisition of interests in real property, and housing counseling services. The town board must adopt a housing plan that adheres to smart growth principles and ensures equitable distribution of housing opportunities.
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