Assembly Bill A11320

Signed By Governor
2009-2010 Legislative Session

Expands the definition of eligible applicant for the affordable home ownership development program

download bill text pdf

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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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2009-A11320 (ACTIVE) - Details

See Senate Version of this Bill:
S8164
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §1111, Priv Hous Fin L

2009-A11320 (ACTIVE) - Summary

Expands the definition of eligible applicant for the affordable home ownership development program to include a public benefit corporation formed to assist particular municipalities with their housing, community development or renewal needs.

2009-A11320 (ACTIVE) - Bill Text download pdf 

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

                                  11320

                          I N  A S S E M B L Y

                              June 2, 2010
                               ___________

Introduced by COMMITTEE ON RULES -- (at request of M. of A. V. Lopez) --
  read once and referred to the Committee on Housing

AN  ACT  to  amend  the  private housing finance law, in relation to the
  definition of eligible applicant for  the  affordable  home  ownership
  development program

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

  Section 1. Subdivision 2  of  section  1111  of  the  private  housing
finance  law,  as amended by chapter 714 of the laws of 1988, is amended
to read as follows:
  2. "Eligible applicant" shall mean a city, a town, a village, a  hous-
ing  development fund company incorporated pursuant to article eleven of
this chapter, any not-for-profit corporation or charitable  organization
which has as one of its primary purposes the improvement of housing or a
municipal  housing authority created pursuant to the public housing law,
or a PUBLIC BENEFIT CORPORATION  FORMED  TO  ASSIST  PARTICULAR  MUNICI-
PALITIES  WITH THEIR HOUSING, COMMUNITY DEVELOPMENT OR RENEWAL NEEDS, OR
A county, provided, however, that the county acts as an administrator of
a  program  under  which  projects  are  constructed,  rehabilitated  or
improved  by  other eligible applicants or acts in any other capacity as
permitted by law.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD17152-01-0

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