DHCR has submitted a program bill that has been introduced in the Senate and Assembly, A10812/S7359.
The bill amends the Housing Trust Fund to allow substantial rehabilitation, use 10% of funds for community facilities (and removes that limit on acquisition) and raises the limits per unit as explained in the sponsor memo. It changes the statute so that buildings can be occupied, albeit under occupied. This may really be helpful for preservation of older rentals
NEW YORK STATE RURAL ADVOCATES 