Directs the commissioner of the New York state division of housing and community renewal to promulgate rules and regulations relating to the low-income housing tax credit

Directs the commissioner of the New York state division of housing and community renewal to promulgate rules and regulations to provide a taxpayer or entity having applied for the low-income housing tax credit and certified by the division of housing and community renewal with a notice of placement on a waiting list upon the submission of a completed application.