Defines affordability option D under the affordable neighborhoods for New Yorkers tax incentive

Summary

The bill amends New York’s affordable‑neighborhoods tax incentive to create a new option D. It requires that every unit in a qualifying homeownership project be priced at no more than $120 per square foot, adjusted each year for inflation, and that each owner live in the unit as a primary residence for at least five years. The goal is to guarantee truly affordable, owner‑occupied housing.

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