When she drives around Buffalo - or other parts of the state - Assembly Majority Leader Crystal Peoples-Stokes doesn't see empty buildings.
Rather, Peoples-Stokes see lost opportunities that could help vacant buildings transform into residential-anchored projects that not only restore the structures but also help with Gov. Kathy Hochul's plans to see more than 800,000 new housing units developed in the next few years.
And, as an added bonus, renovated buildings can breathe new life - in the form of critical mass - in downtowns and neighborhoods.
That's why Peoples-Stokes is pushing for a new bill that would offer additional tax breaks and incentives for projects that turn vacant buildings into residential-anchored units.
"It's about helping cities like Buffalo," Peoples-Stokes said.
A companion bill, sponsored by State Sen. April Baskin, is under review in the state senate.
"Let's help turn these buildings around," Peoples-Stokes said.
Downtown Buffalo has plenty of buildings that could be converted including the former AM&As Department Store on Main Street or the Old Editions Building on E. Huron Street or the Burns Building, also on E. Huron Street.
"A program like this will help," Peoples-Stokes said.
The incentives and tax breaks could be layered on already existing programs.
Peoples-Stokes hopes the bill becomes reality later this year.
Proposed state bill will offer tax breaks and incentives
