Read more about this legislation on a site that supports it and spins positive: https://www.nyfaithhousing.org/legislation
Copied and pasted from their FAQ:
"Many religious institutions are in significant financial distress. How much capital would be required upfront to support the development of housing?
We know how hard the last few years have been for religious institutions across New York. Part of the goal of this legislation is to provide them with the opportunity to bring in additional revenue while also helping their communities address the housing shortage.
A small amount of money would be required to hire outside counsel in order to put together a request for proposal to which developers could respond. In different localities and organizations, there are public and private pre-development grants that help to pay for said outside counsel."
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