New York S10177 removes outdated cost caps and excessive equity requirements for residential health care facilities.

New York S10177 amends the public health law to ensure that publicly-sponsored residential health care facilities and those receiving grants under the Statewide Health Care Facility Transformation program are exempt from outdated total project cost caps and excessive equity requirements. This change applies to renovations or new constructions starting from July 1, 2025, with a cap of 10 percent on equity requirements.

New York S10177 removes outdated cost caps and excessive equity requirements for residential health care facilities.

New York S10177 amends the public health law to ensure that publicly-sponsored residential health care facilities and those receiving grants under the Statewide Health Care Facility Transformation program are exempt from outdated total project cost caps and excessive equity requirements. This change applies to renovations or new constructions starting from July 1, 2025, with a cap of 10 percent on equity requirements.