A feasibility study on housing adaptation and mobility, voluntary residential buyouts, and related support services for residents of high-risk flood zones.

A Local Law to amend the administrative code of the city of New York, in relation to a feasibility study on housing adaptation and mobility, voluntary residential buyouts, and related support services for residents of high-risk flood zones

This bill would require the New York city climate change adaptation task force to conduct a feasibility study that would propose a strategy and implementation measures to meet citywide housing adaptation needs, recommend a framework for a housing mobility program that includes options for voluntary residential buyouts, and make recommendations for the establishment of a standing fund to support the housing mobility program and related support services. This bill would also require the Department of Housing Preservation and Development to assess the information and service needs of affected residents in order to inform the task force’s recommendations. The feasibility study and recommendations would be due to the mayor, the speaker of the council, and the borough presidents no later than one year after the effective date of this law.