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Bill

Bill

S 2441

Build Now Act of 2025

119th Congress Introduced by John Neely Kennedy and 1 co-sponsor

Bill S 2441 creates a program to improve housing for individuals with disabilities in New York, enhancing accessibility and fostering community partnerships for inclusive development.

Introduced in Senate
0
WeVote Research Nonpartisan
Bill Summary · S 2441

Summary of Bill S 2441

Bill Overview

  • Bill Number: S 2441
  • Title: Establishes the Community Development Financial Institution Disability Housing Program within the New York State Urban Development Corporation
  • Status: Referred to Corporations, Authorities and Commissions
  • Introduced On: January 17, 2025
  • Classification: Bill

Purpose and Intent

The primary purpose of Bill S 2441 is to create a dedicated program within the New York State Urban Development Corporation (UDC) aimed at enhancing housing opportunities for individuals with disabilities. This initiative seeks to address the significant housing challenges faced by this population, promoting inclusivity and accessibility in housing development.

Key Provisions

  • Establishment of the Program: The bill mandates the creation of the Community Development Financial Institution (CDFI) Disability Housing Program, which will focus on financing and supporting housing projects specifically designed for individuals with disabilities.

  • Funding Mechanisms: The program is expected to utilize various funding sources, including state and federal funds, to facilitate the development of accessible housing options.

  • Partnerships: The bill encourages collaboration between the UDC and community development financial institutions, local governments, and non-profit organizations to effectively implement housing projects.

  • Eligibility Criteria: The program will outline specific eligibility criteria for both housing developers and individuals seeking housing assistance, ensuring that the needs of the disability community are prioritized.

Impact

  • Target Population: The bill is designed to benefit individuals with disabilities in New York State, providing them with greater access to affordable and accessible housing options.

  • Community Development: By fostering partnerships and providing financial support, the program aims to stimulate local economies and enhance community development through the creation of inclusive housing.

  • Long-term Goals: The initiative is expected to contribute to the broader goal of improving the quality of life for individuals with disabilities, promoting independence and integration within the community.

Procedural Aspects

  • Current Status: As of January 17, 2025, the bill has been referred to the Corporations, Authorities and Commissions committee for further consideration.

  • Related Legislation: This bill is part of a series of related legislative efforts, including prior-session bills S 394, S 149, S 3591, S 1490, and S 4047, which may provide context or additional frameworks for disability housing initiatives.

Conclusion

Bill S 2441 represents a significant step towards addressing the housing needs of individuals with disabilities in New York State. By establishing a dedicated program within the UDC, the bill aims to facilitate the development of accessible housing, promote community partnerships, and enhance the overall quality of life for the disability community. Further legislative action will determine the bill's progression and potential implementation.

Compiled from official sources — confirm details with the bill’s official record.

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