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Assembly Bill A4947

2009-2010 Legislative Session

Raises maximum income for eligibility in limited-profit housing company projects

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Archive: Last Bill Status - In Assembly Committee

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2009-A4947 (ACTIVE) - Details

Current Committee:
Assembly Housing
Law Section:
Private Housing Finance Law
Laws Affected:
Amd ยง31, Priv Hous Fin L

2009-A4947 (ACTIVE) - Summary

Raises the income eligibility for a low income family's occupancy in a limited profit (Mitchell-Lama) housing company project to an amount of income not to exceed eight times the rental of the dwelling and in the case of a family of three or more dependents to an amount of income not to exceed nine times the rental.

2009-A4947 (ACTIVE) - Bill Text download pdf

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

                                  4947

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            February 10, 2009
                               ___________

Introduced  by  M.  of  A.  V. LOPEZ, LENTOL, MAYERSOHN -- read once and
  referred to the Committee on Housing

AN ACT to amend the private housing finance  law,  in  relation  to  the
  eligibility  of  persons  and  families  for  occupancy of projects of
  limited-profit housing companies

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

  Section 1. Paragraph (a) of subdivision 2 of section 31 of the private
housing  finance  law, as amended by chapter 260 of the laws of 1996, is
amended to read as follows:
  (a) The dwelling or non-housekeeping accommodations without board in a
company project shall be available for persons or families of low income
whose probable aggregate annual income at  the  time  of  admission  and
during  the  period of occupancy does not exceed, the greater of (i) the
median income for such persons or families for the metropolitan  statis-
tical  area  in which the project is located, or if a project is located
outside a metropolitan statistical area,  the  median  income  for  such
persons  or  families for the county in which the project is located, as
most recently determined by the United States department of housing  and
urban  development, in which case any person or family becoming eligible
for admission pursuant to this subparagraph shall pay, from the time  of
admission,  a  rental  surcharge as provided for in subdivision three of
this section, computed on the basis of the income limitations applicable
to such persons or families in the absence of this subparagraph, or (ii)
[seven] EIGHT times the rental, including the value or cost to  them  of
heat,  light,  water  and  cooking  fuel,  of  the dwellings that may be
furnished to such persons or families, except that in the case of  fami-
lies  with three or more dependents, such ratio shall not exceed [eight]
NINE to one. The "probable aggregate  annual  income"  in  the  case  of
dwelling accommodations means the annual income of the chief wage earner
of the family, plus all other income of other members of the family over

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08420-01-9
              

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