BILL NUMBER: S4702
SPONSOR: CLEARE
 
TITLE OF BILL:
An act to establish a housing task force addressing affordable housing
for millennials in suburban counties
 
PURPOSE OR GENERAL IDEA OF BILL:
This bill establishes a housing task force to address affordable housing
for millennials in suburban communities. This task force creates a body
to foster discussion of the respective issue and develops links between
agencies.
 
SUMMARY OF PROVISIONS:
Section 1 of the bill establishes a housing task force to facilitate
interagency planning and policy, examine specific agency initiatives for
affordable housing for millennials ages 25-35, provide a forum to
discuss concerns and issues related to affordable housing, develop link-
ages and partnerships with housing developers to address this problem,
and identify existing state initiatives that would aid in providing
millennials with resources to find affordable housing.
Section 2 states that the task force shall issue its findings, and any
legislative recommendations or proposed state policy to the governor and
leaders of the legislature.
Section 3 states that the task force shall consist of a total of twelve
members. The task force members shall have experience in or represent
these areas: housing providers and associations, real estate providers
and associations, mortgage providers and associations, and millennial
consumers.
Section 4 establishes a sub-task force who will focus on affordable
housing for millennial residents in Westchester, Nassau, and Suffolk
counties.
Section 5 states that one of the appoint eats by the governor shall
serve as chairperson of the task force.
Section 6 states that the members of the task force shall serve without
compensation and that the Empire State Development Corporation shall be
responsible for all expenses incurred by this task force.
Section 7 states the chairperson can request the use of facilities,
assistance, and data from state agencies to carry out the task force's
powers and duties.
Section 8 states the effective date of the bill.
 
JUSTIFICATION:
New Yorkers between the ages of 25-35, also known as the millennial
generation, have struggled immensely in finding affordable housing. The
skyrocketing costs of houses have prevented many millennials from
purchasing a house, and have left many returning to their childhood
homes. The establishment of a task force creates a solidified body to
focus on the solution and management of this issue. The task force will
act as a liaison between different agencies and the constituents to
address this issue.
 
PRIOR LEGISLATIVE HISTORY:
2021-22: S.150-A (Thomas) / A.5152-A (Solages) - Advanced to third read-
ing.
2019-20: S.5153 (Thomas) / A.2445 (Solages) - Referred to Housing,
Construction and Community Development.
2018: A.3408 (Solages) - Referred to Housing.
 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
None to the state.
 
EFFECTIVE DATE:
This act shall take effect on the ninetieth day after it shall have
become law.