Senate Bill S1851

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  1851--A
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             January 14, 2025
                                ___________
 
 Introduced  by  Sens. HINCHEY, HELMING, JACKSON, KAVANAGH, MAY, ROLISON,
   WEBB -- read twice and ordered printed, and when printed to be commit-
   ted to the Committee on Housing, Construction and  Community  Develop-
   ment  --  recommitted  to  the  Committee on Housing, Construction and
   Community Development in accordance with Senate  Rule  6,  sec.  8  --
   reported  favorably from said committee and committed to the Committee
   on Finance -- committee discharged, bill amended, ordered reprinted as
   amended and recommitted to said committee
 
 AN ACT to amend the private housing finance law, in relation  to  estab-
   lishing a New York Main Street development center
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The private housing finance law is amended by adding a  new
 article 33 to read as follows:
                              ARTICLE XXXIII
                           NEW YORK MAIN STREET
                            DEVELOPMENT CENTER
 SECTION 1300. LEGISLATIVE INTENT.
         1301. NEW YORK MAIN STREET DEVELOPMENT CENTER.
   §  1300.  LEGISLATIVE  INTENT.  THE LEGISLATURE HEREBY FINDS THAT WITH
 AFFORDABLE HOUSING IN INCREASINGLY  SHORT  SUPPLY,  THE  NEW  YORK  MAIN
 STREET  DEVELOPMENT  CENTER  WILL NOT ONLY BE THE CATALYST FOR COMMUNITY
 RENEWAL, BUT ALSO ADDRESS THE CRITICAL NEED TO PROVIDE AFFORDABLE OPPOR-
 TUNITIES ACROSS THE STATE. MAIN STREETS  AND  DOWNTOWN  BUILDINGS  COULD
 SERVE  AS  THE PRIMARY LOCATION FOR NEW HOUSING OPPORTUNITIES THROUGHOUT
 THIS STATE. MAIN STREETS AND DOWNTOWN BUSINESS DISTRICTS,  ARE  UNIQUELY
 EQUIPPED  TO  SERVE  THIS FUNCTION SINCE THESE AREAS BOAST UNDERUTILIZED
 WATER AND SEWER INFRASTRUCTURE, ARE THE HUBS OF  PUBLIC  TRANSPORTATION,
 AND ARE THE CENTERS OF COMMERCE.
   §  1301.  NEW  YORK  MAIN  STREET DEVELOPMENT CENTER. THE EMPIRE STATE
 DEVELOPMENT CORPORATION SHALL WORK IN COORDINATION WITH  THE  DEPARTMENT
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05447-02-6
              

 S. 1851--A                          2
 
 OF  ECONOMIC DEVELOPMENT, THE DIVISION OF HOUSING AND COMMUNITY RENEWAL,
 THE DEPARTMENT OF STATE,  THE  DEPARTMENT  OF  TRANSPORTATION,  AND  THE
 OFFICE  OF  PARKS,  RECREATION  AND HISTORIC PRESERVATION TO ESTABLISH A
 "NEW  YORK  MAIN STREET DEVELOPMENT CENTER" WITHIN SUCH CORPORATION. THE
 MAIN STREET DEVELOPMENT CENTER SHALL HAVE AS  ITS  MISSION  THE  DISSEM-
 INATION OF INFORMATION RELATED TO EXISTING STATE PROGRAMS TO ADDRESS THE
 REDEVELOPMENT  OF  EXISTING  COMMERCIAL/RESIDENTIAL "MAIN STREET" BUILD-
 INGS. THE "NEW YORK MAIN STREET DEVELOPMENT  CENTER"  SHALL  BE  LOCATED
 WITHIN  THE  EMPIRE  STATE  DEVELOPMENT  CORPORATION AND WILL SERVE AS A
 TECHNICAL ASSISTANCE AND RESOURCE  CENTER  TO  PROVIDE  INFORMATION  AND
 TECHNICAL ASSISTANCE FOR ANY LOCAL MAIN STREET REVITALIZATION EFFORTS IN
 THE STATE. THE CENTER WILL ESTABLISH A WEB PAGE WHICH WILL LINK TOGETHER
 ALL STATE, LOCAL AND FEDERAL PROGRAMS WHICH MAY BE AVAILABLE TO SERVE AS
 A  RESOURCE  FOR BOTH DEVELOPERS, AND COMMUNITY AND LOCAL HOUSING ORGAN-
 IZATIONS IN THEIR DOWNTOWN REVITALIZATION INITIATIVES. THE CENTER  SHALL
 ALSO  LEND  TECHNICAL AND TRAINING ASSISTANCE TO COMMUNITY OFFICIALS AND
 PROVIDE A COMPREHENSIVE LIBRARY OF MAIN STREET DEVELOPMENT  PUBLICATIONS
 FROM  THROUGHOUT  THE  UNITED  STATES  WHICH  SHALL BE ACCESSIBLE TO THE
 DEVELOPMENT COMMUNITY.
   § 2. This act shall take effect immediately.