Establishes a former foster youth priority program reserving five percent of housing lottery units for eligible former foster youth in New York City.

The bill establishes a former foster youth priority program that reserves at least five percent of units in housing lotteries for eligible former foster youth. The New York City Department of Housing Preservation and Development and the New York City Housing Development Corporation will implement this program. It authorizes the agencies to adopt rules, regulations, and marketing guidelines, and requires them to conduct an analysis of the program's impact. The bill also mandates reporting on the program's effectiveness and compliance with fair housing laws.

Establishes a former foster youth priority program reserving five percent of housing lottery units for eligible former foster youth in New York City.

The bill establishes a former foster youth priority program that reserves at least five percent of units in housing lotteries for eligible former foster youth. The New York City Department of Housing Preservation and Development and the New York City Housing Development Corporation will implement this program. It authorizes the agencies to adopt rules, regulations, and marketing guidelines, and requires them to conduct an analysis of the program's impact. The bill also mandates reporting on the program's effectiveness and compliance with fair housing laws.