A 7089: Authorizes industrial development agencies to provide technical and financial assistance to qualified residential facilities; defines "qualified residential facility" as any multi-family residential facility with units that are for sale, in any municipality located within the county of Westchester, and which is located in an urban renewal area.

  
  STATE OF NEW YORK ________________________________________________________________________ 7089 2025-2026 Regular Sessions  IN ASSEMBLY March 20, 2025 ___________ Introduced by M. of A. PRETLOW -- read once and referred to the Commit- tee on Local Governments AN ACT to amend the general municipal law, in relation to authorizing industrial development agencies to provide assistance to qualified residential facilities The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 4 of section 854 of the general municipal law, 2 as amended by section 5 of part X of chapter 59 of the laws of 2021, is 3 amended to read as follows: 4 (4) "Project" - shall mean any land, any building or other improve- 5 ment, and all real and personal properties located within the state of 6 New York and within or outside or partially within and partially outside 7 the municipality for whose benefit the agency was created, including, 8 but not limited to, machinery, equipment and other facilities deemed 9 necessary or desirable in connection therewith, or incidental thereto, 10 whether or not now in existence or under construction, which shall be 11 suitable for manufacturing, warehousing, research, commercial, renewable 12 energy or industrial purposes or other economically sound purposes iden- 13 tified and called for to implement a state designated urban cultural 14 park management plan as provided in title G of the parks, recreation and 15 historic preservation law and which may include or mean an industrial 16 pollution control facility, a recreation facility, educational or 17 cultural facility, a horse racing facility, a railroad facility, a qual- 18 ified residential facility, a renewable energy project or an automobile 19 racing facility, provided, however, no agency shall use its funds or 20 provide financial assistance in respect of any project wholly or 21 partially outside the municipality for whose benefit the agency was 22 created without the prior consent thereto by the governing body or 23 bodies of all the other municipalities in which a part or parts of the 24 project is, or is to be, located, and such portion of the project EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10716-01-5 
 A. 7089 2 1 located outside such municipality for whose benefit the agency was 2 created shall be contiguous with the portion of the project inside such 3 municipality. 4 § 2. Section 854 of the general municipal law is amended by adding a 5 new subdivision 22 to read as follows: 6 (22) "Qualified residential facility" - shall mean any multi-family 7 residential facility with units that are for sale, in any municipality 8 located within the county of Westchester, and which is located in an 9 urban renewal area designated under article fifteen of this chapter or a 10 highly distressed area, together with buildings, structures, machinery, 11 equipment, facilities and appurtenances thereto deemed necessary, useful 12 or desirable in connection therewith, or incidental thereto, but shall 13 not include a continuing care retirement community. 14 § 3. This act shall take effect immediately.