NEW YORK — The New York city Housing Authority is moving forward with a plan to collect $1 billion in state and federal tax revenues from the renovations industry, which will help fund the city’s efforts to build more affordable homes.

The Authority will collect $800 million from the new home sales tax, $800,000 from a new home construction tax, and $250,000 each from the citywide tax on all home renovations.

The money will go to the Housing Trust Fund, which the Authority says will allow it to create thousands of affordable homes for low-income residents.

The new taxes will generate $1,700 for every new home the city builds.

That is the highest amount of tax revenue collected in any of the citys 15 boroughs.

The authority’s new home tax comes on top of $1 million it collected last year from the sales tax on new home repairs.

The Authority also collects property tax on newly constructed properties that it sells.

The $1bn in taxes will help pay for a host of projects that the Authority is building across the city.

In addition to the $800m it collects on new sales tax and the $250m it collected on new construction tax for all home renovation projects, the Authority will also collect $200m from a citywide home tax on existing homes.

This new revenue will go toward the city building the new City of New York Home for Rent project.

The project will create nearly 700,000 affordable homes, including about 200,000 to the city for rent.

The New York Housing Authority said it plans to start collecting the new state and local home tax revenue in 2019.

This new tax is the biggest single source of revenue for the Authority.

The authority has been building a $1-billion affordable housing program for nearly two decades.

The tax revenue also helps pay for other projects that will be built in the city this year, including the $1-$5 billion Gateway Plaza project that will create 500,000 new affordable homes and the project that could create a permanent $3-billion office complex near the site of the former Metropolitan Transit Authority headquarters.

The new development will be a $200-million mixed-use development with an office tower, retail space, and apartments.

The City of NYC says it is the first city in the country to collect a property tax from a home renovation.

The money is meant to fund the new projects.