Requires community median income be used by certain affordable housing programs in N.Y. City

Summary

The bill defines “community median income” as the median income for each zip code based on the most recent federal census. It requires any affordable‑housing project in cities of one million residents or more that receives state funding covering at least one‑third of construction costs to use that community median income to set income eligibility and rent levels for its units. Projects funded with federal money are exempt.

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