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S 10503·NY·senate

Establishes the build more, get more incentive fund

In CommitteeFiled May 15, 2026
Sponsor: Erik Bottcher (D)
Latest Action

PRINT NUMBER 10503B

Sep 23, 2026

Summary

The bill establishes the Pro‑Housing Communities Incentive Fund, run by the New York State Housing Trust Fund Corporation, to award cash payments to cities, towns and villages for net new housing units. Payments range from $5,000 to $20,000 per unit depending on affordability and type, and the money can be spent on any lawful municipal purpose. Anti‑gaming rules prevent payments for units that replace existing housing, and a 25% bonus is offered to municipalities designated as pro‑housing communities.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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