assembly Bill A9969

2009-2010 Legislative Session

Authorizes study of housing programs for low and middle income families; provides for a moratorium on the voluntary dissolution of limited profit, limited dividend and redevelopment housing companies

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Sponsored By

Archive: Last Bill Status - In Assembly Committee


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 22, 2010 referred to housing

Co-Sponsors

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Multi-Sponsors

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A9969 - Details

See Senate Version of this Bill:
S2171
Law Section:
Private Housing Finance Law
Laws Affected:
Amd ยงยง35, 96 & 123, Priv Hous Fin L

A9969 - Summary

Authorizes the state division of housing and community renewal to study housing programs for low and middle income families, and provides for a moratorium on the voluntary dissolution of limited profit, limited dividend and redevelopment housing companies.

A9969 - Sponsor Memo

A9969 - Bill Text download pdf

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

                                  9969

                          I N  A S S E M B L Y

                            February 22, 2010
                               ___________

Introduced  by  M.  of  A. ROSENTHAL, BING, V. LOPEZ, ESPAILLAT, BARRON,
  LANCMAN, O'DONNELL, JAFFEE, BENJAMIN,  COOK,  CASTRO,  SPANO,  CAMARA,
  TITONE,  WRIGHT,  ROBINSON, JEFFRIES -- Multi-Sponsored by -- M. of A.
  FARRELL, GLICK, GOTTFRIED, MAYERSOHN, MENG, SCARBOROUGH, TITUS -- read
  once and referred to the Committee on Housing

AN ACT authorizing the New York state division of housing and  community
  renewal  to  study  state  and locally aided housing programs and make
  recommendations for the preservation, modernization, and  increase  in
  the  supply of such housing; to amend the private housing finance law,
  in relation to providing a moratorium on the voluntary dissolution  of
  limited  profit, limited dividend and redevelopment housing companies;
  and providing for the repeal of certain provisions upon the expiration
  thereof

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

  Section  1.  New  York state and its localities have invested for more
than a half century in the creation of low and middle income housing  to
benefit those most in need and to the general benefit of state and local
economies.  In  many  cases such housing has fallen into disrepair or is
being lost as affordable housing due to  statutory  provisions  allowing
owners  to  dissolve  housing  companies.  The unmet need for affordable
housing is presently greater than at any time in the state's history.  A
temporary moratorium on the dissolution of any housing company is neces-
sary for the New York state division of housing and community renewal to
complete its work and make recommendations.
  S  2.  The division of housing and community renewal shall undertake a
comprehensive study of the present status of state and locally aided low
and middle income housing programs and make recommendations with respect
to the preservation, modernization, and expansion of the number of hous-
ing units provided by such programs. Such recommendations shall include,
but not be limited to, methods that may be employed by state  and  local
governments  to  retain  and  expand the existing inventory of state and
locally aided low and middle income  housing  so  as  to  preserve  such

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01493-02-9

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