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Assembly Bill A6262

2011-2012 Legislative Session

Relates to determining eligibility for admission to certain limited-profit housing company housing accommodations

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Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development Committee

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2011-A6262 (ACTIVE) - Details

See Senate Version of this Bill:
S524
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Private Housing Finance Law
Laws Affected:
Amd ยง31, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: S8501
2013-2014: A5438, S226

2011-A6262 (ACTIVE) - Summary

Relates to determining eligibility for admission to certain limited-profit housing company housing accommodations.

2011-A6262 (ACTIVE) - Bill Text download pdf 

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

                                  6262

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                             March 11, 2011
                               ___________

Introduced by M. of A. SILVER -- read once and referred to the Committee
  on Housing

AN  ACT  to amend the private housing finance law, in relation to deter-
  mining eligibility for admission  to  certain  limited-profit  housing
  company accommodations

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

  Section 1. Paragraph (e) of subdivision 2 of section 31 of the private
housing finance law, as added by chapter 729 of the  laws  of  1974,  is
amended to read as follows:
  (e) Notwithstanding the provisions of this subdivision, families [with
two  or more dependents] whose probable aggregate annual income does not
exceed one hundred twenty-five percent of the limitations as  to  income
as  determined  pursuant  to paragraphs (a) and (b) of this subdivision,
shall also be eligible for admission to the dwelling or non-housekeeping
accommodations without board of a project on the understanding that  any
family  becoming eligible for admission by reason hereof 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 family in the absence of this subdivision. In apply-
ing the provisions of subdivision three OF  THIS  SECTION  to  a  family
becoming  eligible  by  reason  of  this  section,  the  maximum  income
prescribed by law for admission or occupancy shall for all  purposes  be
computed without reference to this paragraph.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00445-01-1

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