NY State Assembly Bill 2009-A7967

Archive: Last Bill Status - Signed by Governor

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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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Aug 26, 2009	signed chap.389
Aug 14, 2009	delivered to governor
Jul 16, 2009	returned to assembly passed senate 3rd reading cal.875 substituted for s6017
Jun 18, 2009	referred to rules
Jun 17, 2009	delivered to senate passed assembly ordered to third reading rules cal.436 rules report cal.436 reported reported referred to rules
Jun 16, 2009	reported referred to ways and means
Jun 11, 2009	print number 7967a
Jun 11, 2009	amend and recommit to housing
Apr 29, 2009	referred to housing

Votes

- Jul 16, 2009 - Floor Vote
  A7967
  
  57
  
  Aye
  
  0
  
  Nay
  
  0
  
  Absent
  
  5
  
  Excused
  
  0
  
  Abstained
  - - Floor Vote: Jul 16, 2009
      
      aye (57)
      
      Adams
      
      Addabbo Jr.
      
      Alesi
      
      Aubertine
      
      Bonacic
      
      Breslin
      
      DeFrancisco
      
      Dilan
      
      Duane
      
      Espada
      
      Farley
      
      Flanagan
      
      Fuschillo
      
      Golden
      
      Griffo
      
      Hannon
      
      Hassell-Thompson
      
      Huntley
      
      Johnson
      
      Klein
      
      Krueger
      
      LaValle
      
      Lanza
      
      Larkin
      
      Leibell
      
      Libous
      
      Little
      
      Marcellino
      
      Maziarz
      
      McDonald
      
      Monserrate
      
      Montgomery
      
      Morahan
      
      Nozzolio
      
      Onorato
      
      Oppenheimer
      
      Padavan
      
      Parker
      
      Perkins
      
      Ranzenhofer
      
      Robach
      
      Saland
      
      Sampson
      
      Savino
      
      Schneiderman
      
      Serrano
      
      Seward
      
      Skelos
      
      Smith
      
      Stachowski
      
      Stavisky
      
      Stewart-Cousins
      
      Thompson
      
      Valesky
      
      Volker
      
      Winner
      
      Young
      
      excused (5)
      
      Diaz
      
      Foley
      
      Johnson
      
      Kruger
      
      Squadron

Bill Amendments

Original

A (Active)

2009-A7967 - Details

Laws Affected:: Add Art 26 §§1220 - 1222, Priv Hous Fin L

2009-A7967 - Summary

Establishes the New York Main street program to provide financial and technical assistance to help communities preserve and revitalize downtown business districts.

2009-A7967 - Bill Text download pdf

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

                                  7967

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                             April 29, 2009
                               ___________

Introduced by M. of A. HOYT, V. LOPEZ, SCHIMEL, CYMBROWITZ, COOK, TOWNS,
  JACOBS,  LUPARDO,  SCHROEDER,  DelMONTE,  BENEDETTO,  CASTRO,  JAFFEE,
  TITONE, HYER-SPENCER,  RAMOS,  EDDINGTON,  GORDON,  SPANO,  STIRPE  --
  Multi-Sponsored  by  --  M. of A. BENJAMIN, BING, CANESTRARI, DESTITO,
  GABRYSZAK, HEASTIE, McENENY, MENG, MILLMAN, PHEFFER,  POWELL,  RUSSELL
  -- (at request of the Division of Housing & Community Renewal) -- read
  once and referred to the Committee on Housing

AN  ACT  to amend the private housing finance law, in relation to estab-
  lishing the New York main street program

  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
article 26 to read as follows:
                              ARTICLE XXVI
                      NEW YORK MAIN STREET PROGRAM
SECTION 1220. STATEMENT OF LEGISLATIVE FINDINGS AND PURPOSE.
        1221. DEFINITIONS.
        1222. MAIN STREET CONTRACTS.
  S 1220. STATEMENT OF LEGISLATIVE FINDINGS AND PURPOSE. THE LEGISLATURE
HEREBY FINDS AND DECLARES THAT THERE EXISTS IN NEW YORK STATE A  SERIOUS
NEED  FOR  FINANCIAL  AND  TECHNICAL  RESOURCES TO HELP COMMUNITIES WITH
THEIR EFFORTS TO PRESERVE AND REVITALIZE MAIN STREET AND DOWNTOWN  BUSI-
NESS DISTRICTS WHICH INCLUDE COMMERCIAL AND RESIDENTIAL USES. THE LEGIS-
LATURE  THEREFORE  FINDS THAT A PROGRAM SHOULD BE ESTABLISHED TO PROVIDE
FINANCIAL ASSISTANCE TO STIMULATE  REINVESTMENT  IN  PROPERTIES  LOCATED
WITHIN   MAIN   STREET,  MIXED-USE  COMMERCIAL,  AND  DOWNTOWN  BUSINESS
DISTRICTS IN URBAN, SMALL TOWN, AND RURAL AREAS BY  PRESERVING  EXISTING
HOUSING UNITS, FOSTERING THE DEVELOPMENT OF NEW HOUSING UNITS, UPGRADING
COMMERCIAL  AND  RETAIL  AREAS, AND BY CREATING INNOVATIVE APPROACHES TO
NEIGHBORHOOD AND COMMUNITY REVITALIZATION, INCLUDING THE IMPROVEMENT  OF
CULTURAL, CIVIC AND COMMUNITY FACILITIES.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09533-03-9

A. 7967                             2

  S 1221. DEFINITIONS. AS USED IN THIS ARTICLE:
  1.  "CORPORATION" SHALL MEAN THE HOUSING TRUST FUND CORPORATION ESTAB-
LISHED IN SECTION FORTY-FIVE-A OF THIS CHAPTER.
  2. "ELIGIBLE APPLICANT" SHALL MEAN A UNIT OF LOCAL GOVERNMENT OR  NOT-
FOR-PROFIT  CORPORATION  IN  EXISTENCE FOR A PERIOD OF ONE OR MORE YEARS
PRIOR TO APPLICATION, WHICH IS, OR WILL BE AT THE TIME OF AWARD,  INCOR-
PORATED  UNDER  THE  NOT-FOR-PROFIT CORPORATION LAW AND HAS BEEN ENGAGED
PRIMARILY IN COMMUNITY DEVELOPMENT ACTIVITIES.
  3. "ELIGIBLE AREA" SHALL  MEAN  AN  AREA:  (I)  THAT  HAS  EXPERIENCED
SUSTAINED PHYSICAL DETERIORATION, DECAY, NEGLECT, OR DISINVESTMENT; (II)
HAS  A  NUMBER OF SUBSTANDARD BUILDINGS OR VACANT RESIDENTIAL OR COMMER-
CIAL UNITS; AND (III) IN WHICH MORE THAN FIFTY PERCENT OF THE  RESIDENTS
ARE  PERSONS OF LOW INCOME, OR WHICH IS DESIGNATED BY A STATE OR FEDERAL
AGENCY TO BE ELIGIBLE FOR A COMMUNITY OR ECONOMIC DEVELOPMENT PROGRAM.
  4. "MAIN STREET PROGRAM" OR "PROGRAM" SHALL  MEAN  A  PROPOSAL  BY  AN
ELIGIBLE  APPLICANT FOR A SPECIFIC WORK OR SERIES OF WORKS FOR THE REVI-
TALIZATION AND IMPROVEMENT OF AN ELIGIBLE  AREA  THROUGH  THE  CREATION,
PRESERVATION  OR IMPROVEMENT OF RESIDENTIAL HOUSING UNITS; LOCAL COMMER-
CIAL FACILITIES; PUBLIC FACILITIES OR OTHER ASPECTS OF THE AREA ENVIRON-
MENT. NOT LESS THAN EIGHTY PERCENT OF THE TOTAL AMOUNT AWARDED  PURSUANT
TO  THIS  ARTICLE  IN  ANY FISCAL YEAR SHALL BE ALLOCATED TO MAIN STREET
PROGRAMS THAT INCLUDE THE CREATION, PRESERVATION OR IMPROVEMENT OF RESI-
DENTIAL HOUSING UNITS AS AN OBJECTIVE.
  5. "PERSONS OF LOW INCOME" SHALL MEAN THOSE PERSONS AND FAMILIES WHOSE
INCOMES DO NOT EXCEED NINETY PERCENT OF THE MEDIAN INCOME FOR THE METRO-
POLITAN STATISTICAL AREA IN WHICH A PROJECT IS LOCATED.
  S 1222. MAIN STREET CONTRACTS. 1. WITHIN THE LIMIT OF FUNDS  AVAILABLE
IN  THE  MAIN  STREET  PROGRAM,  THE CORPORATION IS HEREBY AUTHORIZED TO
ENTER INTO CONTRACTS  WITH  ELIGIBLE  APPLICANTS  TO  PROVIDE  FINANCIAL
ASSISTANCE  FOR THE ACTUAL COSTS OF A MAIN STREET PROGRAM. THE FINANCIAL
ASSISTANCE SHALL BE EITHER IN THE FORM OF PAYMENTS, GRANTS OR LOANS,  AS
THE CORPORATION SHALL DETERMINE. NO MORE THAN FIFTY PERCENT OF THE TOTAL
AMOUNT  AWARDED  PURSUANT  TO  THIS  ARTICLE IN ANY FISCAL YEAR SHALL BE
ALLOCATED TO MAIN STREET PROGRAMS  LOCATED  WITHIN  ANY  SINGLE  MUNICI-
PALITY.
  2.  THE  TOTAL  PAYMENT  PURSUANT TO ANY ONE CONTRACT SHALL NOT EXCEED
FIVE HUNDRED  THOUSAND  DOLLARS  AND  THE  CONTRACT  SHALL  PROVIDE  FOR
COMPLETION OF THE PROGRAM WITHIN A REASONABLE PERIOD, AS SPECIFIED THER-
EIN WHICH SHALL NOT IN ANY EVENT EXCEED TWO YEARS FROM ITS COMMENCEMENT.
UPON REQUEST, THE CORPORATION MAY EXTEND THE TERM OF THE CONTRACT FOR UP
TO  AN  ADDITIONAL  TWO YEAR PERIOD FOR GOOD CAUSE SHOWN BY THE ELIGIBLE
APPLICANT.
  3. THE CORPORATION MAY AUTHORIZE THE ELIGIBLE APPLICANT TO SPEND UP TO
SEVEN AND ONE-HALF PERCENT OF THE CONTRACT AMOUNT FOR APPROVED  PLANNING
AND ADMINISTRATIVE COSTS OF CARRYING OUT A PROGRAM.
  4.  THE  CORPORATION  SHALL  REQUIRE  THAT,  IN ORDER TO RECEIVE FUNDS
PURSUANT TO THIS ARTICLE, THE ELIGIBLE  APPLICANT  MUST  SUBMIT  A  PLAN
WHICH  SHALL INCLUDE BUT NOT BE LIMITED TO PROGRAM FEASIBILITY, LEVERAG-
ING OF OTHER RESOURCES, IMPACT ON THE COMMUNITY, AFFIRMATIVE ACTION  AND
MINORITY BUSINESS PARTICIPATION.
  5.  IF  THE  ELIGIBLE  APPLICANT  IS A NOT-FOR-PROFIT CORPORATION, ITS
OFFICERS, DIRECTORS AND MEMBERS MUST BE REPRESENTATIVE OF THE  RESIDENTS
AND OTHER LEGITIMATE INTERESTS OF THE COMMUNITY.
  6.  THE  OWNER  OF A PROPERTY IMPROVED WITH FUNDS MADE AVAILABLE UNDER
THIS ARTICLE MUST AGREE FOR A MINIMUM OF FIVE  YEARS  TO:  MAINTAIN  THE
PROPERTY  IN  GOOD  OPERATING ORDER AND CONDITION; TO MAKE AVAILABLE AND

A. 7967                             3

MAINTAIN THE AFFORDABILITY OF RESIDENTIAL HOUSING UNITS  TO  PERSONS  OF
LOW INCOME; AND TO OBTAIN THE CONSENT OF THE CORPORATION PRIOR TO MAKING
ALTERATIONS TO THE PROPERTY OR CHANGING ITS USE.
  S 2. This act shall take effect immediately.

2009-A7967A (ACTIVE) - Details

Laws Affected:: Add Art 26 §§1220 - 1222, Priv Hous Fin L

2009-A7967A (ACTIVE) - Summary

Establishes the New York Main street program to provide financial and technical assistance to help communities preserve and revitalize downtown business districts.

2009-A7967A (ACTIVE) - Sponsor Memo

                                BILL NUMBER:A7967A

TITLE  OF  BILL:    An  act to amend the private housing finance law, in
relation to establishing the New York main street program

PURPOSE OR GENERAL IDEA OF BILL: This bill would amend the Private Hous-
ing Finance Law ("PHFL") to create the New York Main Street Program (the
"Program") to be administered by  the  Housing  Trust  Fund  Corporation
("HTFC").

SUMMARY  OF  SPECIFIC  PROVISIONS: Section 1 of the bill establishes the
New York Main Street Program as Article XXVI of the  PHFL.  The  Program
supports  renewal  of  New  York cities, towns and villages by providing
funds earned by the HTFC from administering federal programs  for  down-
town streetscape improvement, facade renovation, building rehabilitation
and/or  residential  rehabilitation.  Contracts may not exceed $500,000,
with up to 7.5% of the award allowed  for  planning  and  administrative
costs.

Section 2 of the bill provides for an immediate effective date.

EXISTING  LAW:   No statute authorizes the New York Main Street Program,
but the HTFC has funded the New York Main Street Program under the Urban
Initiatives and the  Rural  Area  Revitalization  Projects,  PHFL  Arts.
XVI-A  and  XVII-B  respectively,  which authorize similar activities to
what is proposed.

STATEMENT IN SUPPORT:  The HTFC created the New York Main Street  initi-
ative  in  2004  to support the renewal of New York's cities, towns, and
villages. HTFC, with funds earned from administering  federal  programs,
has awarded funds to support local main Street efforts across the State.
Main  street  awards are intended to improve downtown areas by providing
funds for streetscape improvement, facade renovation, building rehabili-
tation and/or residential rehabilitation, with the goal of  establishing
long-term  downtown  and  neighborhood  commercial  area  revitalization
programs which also favorably impact residential housing.

HTFC has now conducted six competitive rounds and received 518  applica-
tions for main street awards from more than 200 different not-for-profit
agencies  in all 62 counties. The total amount requested in these appli-
cations was $108,688,806. HTFC has made 239  awards  in  more  than  149
communities  in  60 counties for a total amount of $48,742,540. In addi-
tion, the New York Main Street  Program  has  provided  $8  million  for
relief  of  the flood damage as a result of the floods of June 2006. The
strong demand for this program over the last six years demonstrates  the
need  to create a stand-alone program for these activities. The proposed
statute will improve the  effectiveness  of  the  program  by  expanding
eligibility  to  allow  local governments to participate in the program,
increasing the maximum award  from  $200,000  to  $500,000,  authorizing
awardees  to  spend up to 7.5% of the award for administrative and plan-
ning funds to cover the costs of implementing the program, and  allowing
for contract term extensions when necessary.

PRIOR LEGISLATIVE HISTORY: None.

BUDGET IMPLICATIONS: None.

EFFECTIVE DATE:  This bill takes effect immediately.

2009-A7967A (ACTIVE) - Bill Text download pdf

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

                                 7967--A

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                             April 29, 2009
                               ___________

Introduced by M. of A. HOYT, V. LOPEZ, SCHIMEL, CYMBROWITZ, COOK, TOWNS,
  JACOBS,  LUPARDO,  SCHROEDER,  DelMONTE,  BENEDETTO,  CASTRO,  JAFFEE,
  TITONE, HYER-SPENCER, RAMOS, EDDINGTON, GORDON, SPANO, STIRPE, ESPAIL-
  LAT -- Multi-Sponsored by -- M. of A. AUBRY, BENJAMIN, BING,  BRENNAN,
  CANESTRARI, DESTITO, GABRYSZAK, HEASTIE, McENENY, MENG, MILLMAN, PHEF-
  FER,  POWELL,  RUSSELL  --  (at  request  of the Division of Housing &
  Community Renewal) -- read once and referred to the Committee on Hous-
  ing --  committee  discharged,  bill  amended,  ordered  reprinted  as
  amended and recommitted to said committee

AN  ACT  to amend the private housing finance law, in relation to estab-
  lishing the New York main street program

  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
article 26 to read as follows:
                              ARTICLE XXVI
                      NEW YORK MAIN STREET PROGRAM
SECTION 1220. STATEMENT OF LEGISLATIVE FINDINGS AND PURPOSE.
        1221. DEFINITIONS.
        1222. MAIN STREET CONTRACTS.
  S 1220. STATEMENT OF LEGISLATIVE FINDINGS AND PURPOSE. THE LEGISLATURE
HEREBY FINDS AND DECLARES THAT THERE EXISTS IN NEW YORK STATE A  SERIOUS
NEED  FOR  FINANCIAL  AND  TECHNICAL  RESOURCES TO HELP COMMUNITIES WITH
THEIR EFFORTS TO PRESERVE AND REVITALIZE MAIN STREET AND DOWNTOWN  BUSI-
NESS DISTRICTS WHICH INCLUDE COMMERCIAL AND RESIDENTIAL USES. THE LEGIS-
LATURE  THEREFORE  FINDS THAT A PROGRAM SHOULD BE ESTABLISHED TO PROVIDE
FINANCIAL ASSISTANCE TO STIMULATE  REINVESTMENT  IN  PROPERTIES  LOCATED
WITHIN   MAIN   STREET,  MIXED-USE  COMMERCIAL,  AND  DOWNTOWN  BUSINESS
DISTRICTS IN URBAN, SMALL TOWN, AND RURAL AREAS BY  PRESERVING  EXISTING
HOUSING UNITS, FOSTERING THE DEVELOPMENT OF NEW HOUSING UNITS, UPGRADING
COMMERCIAL  AND  RETAIL  AREAS, AND BY CREATING INNOVATIVE APPROACHES TO

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09533-05-9

A. 7967--A                          2

NEIGHBORHOOD AND COMMUNITY REVITALIZATION, INCLUDING THE IMPROVEMENT  OF
CULTURAL, CIVIC AND COMMUNITY FACILITIES.
  S 1221. DEFINITIONS. AS USED IN THIS ARTICLE:
  1.  "CORPORATION" SHALL MEAN THE HOUSING TRUST FUND CORPORATION ESTAB-
LISHED IN SECTION FORTY-FIVE-A OF THIS CHAPTER.
  2. "ELIGIBLE APPLICANT" SHALL MEAN A UNIT OF LOCAL GOVERNMENT OR  NOT-
FOR-PROFIT  CORPORATION  IN  EXISTENCE FOR A PERIOD OF ONE OR MORE YEARS
PRIOR TO APPLICATION, WHICH IS, OR WILL BE AT THE TIME OF AWARD,  INCOR-
PORATED  UNDER  THE  NOT-FOR-PROFIT CORPORATION LAW AND HAS BEEN ENGAGED
PRIMARILY IN COMMUNITY DEVELOPMENT ACTIVITIES.
  3. "ELIGIBLE AREA" SHALL  MEAN  AN  AREA:  (I)  THAT  HAS  EXPERIENCED
SUSTAINED PHYSICAL DETERIORATION, DECAY, NEGLECT, OR DISINVESTMENT; (II)
HAS  A  NUMBER OF SUBSTANDARD BUILDINGS OR VACANT RESIDENTIAL OR COMMER-
CIAL UNITS; AND (III) IN WHICH MORE THAN FIFTY PERCENT OF THE  RESIDENTS
ARE  PERSONS OF LOW INCOME, OR WHICH IS DESIGNATED BY A STATE OR FEDERAL
AGENCY TO BE ELIGIBLE FOR A COMMUNITY OR ECONOMIC DEVELOPMENT PROGRAM.
  4. "MAIN STREET PROGRAM" OR "PROGRAM" SHALL  MEAN  A  PROPOSAL  BY  AN
ELIGIBLE  APPLICANT FOR A SPECIFIC WORK OR SERIES OF WORKS FOR THE REVI-
TALIZATION AND IMPROVEMENT OF AN ELIGIBLE  AREA  THROUGH  THE  CREATION,
PRESERVATION  OR IMPROVEMENT OF RESIDENTIAL HOUSING UNITS; LOCAL COMMER-
CIAL FACILITIES; PUBLIC FACILITIES OR OTHER ASPECTS OF THE AREA ENVIRON-
MENT. NOT LESS THAN EIGHTY PERCENT OF THE TOTAL AMOUNT AWARDED  PURSUANT
TO  THIS  ARTICLE  IN  ANY FISCAL YEAR SHALL BE ALLOCATED TO MAIN STREET
PROGRAMS THAT INCLUDE THE CREATION, PRESERVATION OR IMPROVEMENT OF RESI-
DENTIAL HOUSING UNITS AS AN OBJECTIVE.
  5. "PERSONS OF LOW INCOME" SHALL MEAN THOSE PERSONS AND FAMILIES WHOSE
INCOMES DO NOT EXCEED NINETY PERCENT OF THE AREA MEDIAN INCOME  FOR  THE
COUNTY  IN WHICH A PROJECT IS LOCATED AS CALCULATED BY THE UNITED STATES
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
  S 1222. MAIN STREET CONTRACTS. 1. WITHIN THE LIMIT OF FUNDS  AVAILABLE
IN  THE  MAIN  STREET  PROGRAM,  THE CORPORATION IS HEREBY AUTHORIZED TO
ENTER INTO CONTRACTS  WITH  ELIGIBLE  APPLICANTS  TO  PROVIDE  FINANCIAL
ASSISTANCE  FOR THE ACTUAL COSTS OF A MAIN STREET PROGRAM. THE FINANCIAL
ASSISTANCE SHALL BE EITHER IN THE FORM OF PAYMENTS, GRANTS OR LOANS,  AS
THE CORPORATION SHALL DETERMINE. NO MORE THAN FIFTY PERCENT OF THE TOTAL
AMOUNT  AWARDED  PURSUANT  TO  THIS  ARTICLE IN ANY FISCAL YEAR SHALL BE
ALLOCATED TO MAIN STREET PROGRAMS  LOCATED  WITHIN  ANY  SINGLE  MUNICI-
PALITY.
  2.  THE  TOTAL  PAYMENT  PURSUANT TO ANY ONE CONTRACT SHALL NOT EXCEED
FIVE HUNDRED  THOUSAND  DOLLARS  AND  THE  CONTRACT  SHALL  PROVIDE  FOR
COMPLETION OF THE PROGRAM WITHIN A REASONABLE PERIOD, AS SPECIFIED THER-
EIN WHICH SHALL NOT IN ANY EVENT EXCEED TWO YEARS FROM ITS COMMENCEMENT.
UPON REQUEST, THE CORPORATION MAY EXTEND THE TERM OF THE CONTRACT FOR UP
TO  AN  ADDITIONAL  TWO YEAR PERIOD FOR GOOD CAUSE SHOWN BY THE ELIGIBLE
APPLICANT.
  3. THE CORPORATION MAY AUTHORIZE THE ELIGIBLE APPLICANT TO SPEND UP TO
SEVEN AND ONE-HALF PERCENT OF THE CONTRACT AMOUNT FOR APPROVED  PLANNING
AND ADMINISTRATIVE COSTS OF CARRYING OUT A PROGRAM.
  4.  THE CORPORATION SHALL PROVIDE TECHNICAL ASSISTANCE AND TRAINING TO
ELIGIBLE  APPLICANTS  TO HELP COMMUNITIES WITH THEIR EFFORTS TO PRESERVE
AND REVITALIZE MAIN STREET AND DOWNTOWN  BUSINESS  DISTRICTS  CONSISTENT
WITH THE LEGISLATIVE FINDINGS AND PURPOSE OF THIS ARTICLE.
  5.  THE  CORPORATION  SHALL  REQUIRE  THAT,  IN ORDER TO RECEIVE FUNDS
PURSUANT TO THIS ARTICLE, THE ELIGIBLE  APPLICANT  MUST  SUBMIT  A  PLAN
WHICH  SHALL INCLUDE BUT NOT BE LIMITED TO PROGRAM FEASIBILITY, LEVERAG-

A. 7967--A                          3

ING OF OTHER RESOURCES, IMPACT ON THE COMMUNITY, AFFIRMATIVE ACTION  AND
MINORITY BUSINESS PARTICIPATION.
  6.  IF  THE  ELIGIBLE  APPLICANT  IS A NOT-FOR-PROFIT CORPORATION, ITS
OFFICERS, DIRECTORS AND MEMBERS MUST BE REPRESENTATIVE OF THE  RESIDENTS
AND OTHER LEGITIMATE INTERESTS OF THE COMMUNITY.
  7.  THE  OWNER  OF A PROPERTY IMPROVED WITH FUNDS MADE AVAILABLE UNDER
THIS ARTICLE MUST AGREE FOR A MINIMUM OF FIVE  YEARS  TO:  MAINTAIN  THE
PROPERTY  IN  GOOD  OPERATING ORDER AND CONDITION; TO MAKE AVAILABLE AND
MAINTAIN THE AFFORDABILITY OF RESIDENTIAL HOUSING UNITS  TO  PERSONS  OF
LOW INCOME; AND TO OBTAIN THE CONSENT OF THE CORPORATION PRIOR TO MAKING
ALTERATIONS TO THE PROPERTY OR CHANGING ITS USE.
  S 2. This act shall take effect immediately.

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Assembly Bill A7967

Sponsored By

Archive: Last Bill Status - Signed by Governor

Jul 16, 2009 - Floor Vote

Floor Vote: Jul 16, 2009

Bill Amendments

2009-A7967 - Details

2009-A7967 - Summary

2009-A7967 - Bill Text download pdf

2009-A7967A (ACTIVE) - Details

2009-A7967A (ACTIVE) - Summary

2009-A7967A (ACTIVE) - Sponsor Memo

2009-A7967A (ACTIVE) - Bill Text download pdf

Comments

Assembly Bill A7967

Share this bill

Sponsored By

HOYT

Archive: Last Bill Status - Signed by Governor

Bill Amendments

2009-A7967 - Details

2009-A7967 - Summary

2009-A7967 - Bill Text download pdf

2009-A7967A (ACTIVE) - Details

2009-A7967A (ACTIVE) - Summary

2009-A7967A (ACTIVE) - Sponsor Memo

2009-A7967A (ACTIVE) - Bill Text download pdf

Comments