Assembly Bill A1433

2009-2010 Legislative Session

Establishes the home ownership assistance program

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-A1433 (ACTIVE) - Details

See Senate Version of this Bill:
S1138
Current Committee:
Assembly Housing
Law Section:
Public Housing Law
Laws Affected:
Add Art IX §§170 - 176, Pub Hous L
Versions Introduced in Other Legislative Sessions:
2011-2012: A2961, S1384
2013-2014: A2770, S1229
2015-2016: A3982
2017-2018: A5790

2009-A1433 (ACTIVE) - Summary

Establishes the home ownership assistance program; allows qualified individuals to receive home ownership assistance payments when they purchase an eligible home; defines who is eligible for such assistance payments and how much those assistance payments will be.

2009-A1433 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1433

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2009
                               ___________

Introduced  by M. of A. WRIGHT, ESPAILLAT -- Multi-Sponsored by -- M. of
  A. ALFANO, BARRA, BOYLAND, TOWNS -- read  once  and  referred  to  the
  Committee on Housing

AN  ACT  to amend the public housing law, in relation to creating a home
  ownership assistance program

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The public housing law is amended by adding a new article 9
to read as follows:
                               ARTICLE IX
                    HOME OWNERSHIP ASSISTANCE PROGRAM
SECTION 170. DEFINITIONS.
        171. HOME OWNERSHIP ASSISTANCE PROGRAM.
        172. APPLICABILITY OF THE PROGRAM.
        173. AMOUNT   AND   PROCEDURE   FOR  HOME  OWNERSHIP  ASSISTANCE
               PAYMENTS.
        174. TERMS OF ASSISTANCE FOR NOT-FOR-PROFIT ORGANIZATIONS.
        175. RULES AND REGULATIONS.
        176. FUNDING FOR THE HOME OWNERSHIP ASSISTANCE PROGRAM.
  S 170. DEFINITIONS. FOR PURPOSES OF THIS ARTICLE, THE FOLLOWING  TERMS
SHALL HAVE THE FOLLOWING MEANINGS:
  1.  "DEPARTMENT"  SHALL  MEAN  THE NEW YORK CITY DEPARTMENT OF HOUSING
PRESERVATION AND DEVELOPMENT.
  2. "ELIGIBLE UNIT" SHALL MEAN:
  A.  ANY (I) HOME WITH FOUR OR LESS UNITS; (II) CONDOMINIUM;  OR  (III)
COOPERATIVE;
  B.  WHERE  THE  PURCHASE  OF SUCH HOME, CONDOMINIUM, OR COOPERATIVE IS
PROVIDED FOR, INSURED, OR GUARANTEED BY THE STATE OR FEDERAL GOVERNMENT.
  3. "QUALIFIED HOUSEHOLD" SHALL MEAN ANY PERSON OR HIS  OR  HER  FAMILY
MEMBER WHO:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
              

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