Senate Bill S5158

2017-2018 Legislative Session

Preferences under the affordable home ownership development program for service related disabled veterans

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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2017-S5158 (ACTIVE) - Details

See Assembly Version of this Bill:
A1654
Current Committee:
Assembly Housing
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §1112, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: S5135, A4080
2011-2012: S2507, A1351
2013-2014: S4287, A388
2015-2016: S3969, A3320
2019-2020: S3630, A4598
2021-2022: S6411, A5949
2023-2024: A1990

2017-S5158 (ACTIVE) - Summary

Provides for preferences under the affordable home ownership development program for service related disabled veterans.

2017-S5158 (ACTIVE) - Sponsor Memo

2017-S5158 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5158
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                               March 9, 2017
                                ___________
 
 Introduced  by  Sens.  RANZENHOFER,  MARCHIONE -- read twice and ordered
   printed, and when printed to be committed to the Committee  on  Veter-
   ans, Homeland Security and Military Affairs
 
 AN  ACT to amend the private housing finance law, in relation to prefer-
   ences under the affordable  home  ownership  development  program  for
   service related disabled veterans
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (a) of subdivision  3  of  section  1112  of  the
 private  housing  finance  law, as amended by chapter 898 of the laws of
 1986, is amended to read as follows:
   (a) Serve the lowest income households in the applicable region and is
 designed to continue to be affordable to such households for a  substan-
 tial  period of time[.] OR SERVE HOUSEHOLDS IN WHICH THE HOME BUYER IS A
 SERVICE RELATED DISABLED VETERAN.
   FOR PURPOSES OF THIS SECTION, "SERVICE RELATED DISABLED VETERAN" SHALL
 MEAN A PERSON (I) WHO SERVED IN  THE  ACTIVE  MILITARY,  NAVAL,  OR  AIR
 SERVICE  DURING A TIME OF WAR AS DEFINED IN THIS PARAGRAPH, OR WHO WAS A
 RECIPIENT OF THE ARMED FORCES EXPEDITIONARY  MEDAL,  NAVY  EXPEDITIONARY
 MEDAL,  MARINE  CORPS  EXPEDITIONARY  MEDAL,  OR GLOBAL WAR ON TERRORISM
 EXPEDITIONARY MEDAL, AND WHO WAS DISCHARGED OR RELEASED THEREFROM  UNDER
 HONORABLE CONDITIONS, (II) HAS BEEN AWARDED A DISABILITY RATING OF FORTY
 PERCENT  OR HIGHER FROM THE FEDERAL VETERAN'S ADMINISTRATION OR FROM THE
 UNITED STATES DEPARTMENT OF DEFENSE, WHERE THAT DISABILITY WAS  INCURRED
 IN  LINE  OF DUTY IN THE ACTIVE MILITARY, NAVAL OR AIR SERVICE, AS DOCU-
 MENTED ACCORDING TO RULES AND REGULATIONS TO BE PROMULGATED BY THE DIVI-
 SION.
   FOR THE PURPOSES OF THIS SECTION, "SERVICE DURING TIME OF  WAR"  SHALL
 MEAN: (I) THE INDIVIDUAL IN QUESTION WAS A RECIPIENT OF THE ARMED FORCES
 EXPEDITIONARY  MEDAL,  THE  NAVY EXPEDITIONARY MEDAL OR THE MARINE CORPS
 EXPEDITIONARY MEDAL FOR PARTICIPATION IN OPERATIONS IN LEBANON FROM JUNE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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