"You'd be turning an already paved-over blight that exists in a commercial part of town, or a city, into a viable place where people can live and then walk to opportunities. The Redeveloping Empty and Vacant Infrastructure for Vibrant Economies, or REVIVE, Act aims to develop a new tool to help municipalities tackle the housing crisis by converting stranded assets including mostly empty malls, office complexes and parking lots into residential developments."
"A bill is gaining ground that would regulate landlords' use of artificial intelligence when screening applicants for units. The bill, sponsored by Assembly member and housing committee chair Linda Rosenthal, is currently on the floor calendar of the Assembly, meaning the chamber's committees approved it and it is now eligible for debate and a full Assembly vote."
Multiple state bills address housing and real estate policy challenges. The REVIVE Act, introduced by State Sen. James Skoufis and Assembly member Michaelle Solages, aims to convert underutilized commercial properties like empty malls, office complexes, and parking lots into residential housing to address the housing crisis. The bill draws inspiration from successful programs in California, Oregon, Montana, Texas, Florida, Rhode Island, and Connecticut. Separately, Assembly member Linda Rosenthal's bill regulating AI use in apartment screening has advanced to the Assembly floor for debate and voting. Additionally, upstate lawmakers are developing office-to-residential conversion tax credits for projects outside New York City, while co-op advocates oppose new board governance rules.
Read at therealdeal.com
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