senate Bill S7571

Authorizes labor unions to work with the city of New York to finance the construction of affordable housing for its members

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Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 15 / May / 2014
    • REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Summary

Authorizes labor unions to work with the city of New York to finance the construction of affordable housing for its members.

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Bill Details

Versions:
S7571
Legislative Cycle:
2013-2014
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Private Housing Finance Law
Laws Affected:
Add ยง1154, Priv Hous Fin L

Sponsor Memo

BILL NUMBER:S7571

TITLE OF BILL: An act to amend the private housing finance law, in
relation to labor union financed housing

PURPOSE:

To provide for the creation of workforce housing for those working
families unable to afford unsubsidized housing because of lack of
sufficient income, and unable to qualify for affordable housing
because their income exceeds New York City's adjusted median income
(AMI).

SUMMARY OF PROVISIONS:

Section 1 amends the private housing finance law by adding a new
section 1154 that provides New York City with the ability to finance
workforce housing.

Section 2 provides that the act shall take effect immediately.

JUSTIFICATION:

The newly elected Mayor of the City of New York has committed to the
creation of 200,000 units of affordable housing to meet the needs of
46% of its population which can be currently be defined as living in
poverty. This bill seeks to expand the financing available to meet
those goals at a time when Federal subsidies have been reduced, higher
income households at 130 % and higher are competing for available safe
and sanitary quality housing, wages are stagnant for unskilled,
semi-skilled and entry level professionals and a contingent workforce
appears to be the employment paradigm for millenials.

The City is at a risk of losing an essential municipal workforce,
despite the residency requirements, as well as the service providers
for the private sector due to the lack of affordable housing. Many of
the individuals who have been marginalized with regard to affordable
housing are members of collective bargaining unions. Permitting the
collective bargaining organizations to become partners with municipal
State and private sector partners to finance and develop affordable
housing targeted, in part to their membership and other workers in the
private sector would be both a union membership and public benefit.

LEGISLATIVE HISTORY:

None. New bill.

FISCAL IMPLICATIONS:

TBD

EFFECTIVE DATE:

Immediately.

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

                                  7571

                            I N  S E N A T E

                              May 15, 2014
                               ___________

Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
  printed to be committed to the Committee on Housing, Construction  and
  Community Development

AN  ACT  to  amend the private housing finance law, in relation to labor
  union financed housing

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

  Section  1. The private housing finance law is amended by adding a new
section 1154 to read as follows:
  S 1154. PARTNERSHIP WITH LABOR UNIONS.  1. NOTWITHSTANDING  ANY  OTHER
PROVISION  OF LAW TO THE CONTRARY, THE CITY OF NEW YORK MAY ENTER INTO A
COOPERATIVE PARTNERSHIP WITH ANY COLLECTIVE BARGAINING UNIT THAT REPRES-
ENTS EMPLOYEES OF SUCH CITY TO FINANCE THE  CONSTRUCTION  OF  AFFORDABLE
HOUSING FOR THE MEMBERS OF SUCH COLLECTIVE BARGAINING UNIT.
  2.  ANY  FINANCING FOR THE CONSTRUCTION OF AFFORDABLE HOUSING PURSUANT
TO THIS SECTION SHALL CONSIST OF UNITS THAT ARE EXCLUSIVELY OCCUPIED  BY
EMPLOYEES  OF  THE CITY OF NEW YORK. FOR PURPOSES OF THIS SUBDIVISION, A
UNIT SHALL BE DEEMED OCCUPIED BY AN EMPLOYEE OF THE CITY IF AT LEAST ONE
PERSON RESIDING IN SUCH UNIT IS AN EMPLOYEE OF THE CITY,  SUCH  EMPLOYEE
ACTUALLY  RESIDES  IN  THE UNIT FOR MORE THAN FIFTY PERCENT OF THE YEAR,
AND THE COMBINED INCOME OF ALL MEMBERS RESIDING IN THE UNIT IS LESS THAN
ONE HUNDRED TWENTY-FIVE PERCENT OF THE AREA MEDIAN INCOME.
  3. A LEASE OR RENTAL AGREEMENT OF ANY UNIT CREATED  PURSUANT  TO  THIS
SECTION  SHALL  NOT BE EXTENDED OR RENEWED TO ANY PERSON IF THE CRITERIA
ESTABLISHED IN SUBDIVISION TWO OF THIS SECTION ARE NO LONGER SATISFIED.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15229-02-4

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