Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 31, 2012 |
signed chap.64 |
May 21, 2012 |
delivered to governor |
May 07, 2012 |
returned to senate passed assembly ordered to third reading cal.514 substituted for a7833 |
May 07, 2012 |
substituted by s6554 |
May 03, 2012 |
advanced to third reading cal.514 |
May 01, 2012 |
reported |
Feb 14, 2012 |
reported referred to ways and means |
Jan 18, 2012 |
committed to housing |
Jan 04, 2012 |
ordered to third reading cal.265 returned to assembly died in senate |
Jun 06, 2011 |
referred to housing, construction and community development delivered to senate passed assembly ordered to third reading rules cal.86 rules report cal.86 reported |
Jun 01, 2011 |
reported referred to rules |
May 24, 2011 |
reported referred to ways and means |
May 18, 2011 |
referred to housing |
Assembly Bill A7833
Signed By Governor2011-2012 Legislative Session
Sponsored By
LOPEZ V
Archive: Last Bill Status Via S6554 - 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
Actions
Votes
co-Sponsors
Addie Jenne
2011-A7833 (ACTIVE) - Details
2011-A7833 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7833 2011-2012 Regular Sessions I N A S S E M B L Y May 18, 2011 ___________ Introduced by M. of A. V. LOPEZ -- read once and referred to the Commit- tee on Housing AN ACT to amend the private housing finance law, in relation to afforda- ble home ownership development contracts THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 1112 of the private housing finance law, as amended by chapter 333 of the laws of 2004, is amended to read as follows: 1. Within the limit of funds available in the affordable housing development account, the corporation is hereby authorized to enter into contracts with eligible applicants to provide grants which such appli- cants shall use to finance affordable home ownership development programs subject to the terms and conditions of this article. Any grants received by a municipality hereunder shall not be deemed to be municipal funds. Grantees shall utilize funds provided pursuant to this article solely as payments, grants and loans to owners to reduce the costs of new construction, rehabilitation or home improvement or the cost of acquisition, but only where such acquisition is part of an affordable home ownership development program or project to construct or rehabili- tate homes, or as otherwise authorized by law. Such financial assistance may be in the form of loans, participation in loans including but not limited to participation in loans originated or financed by lending institutions as defined in section forty-two of this chapter, private or public employee pension funds or the state of New York mortgage agency, or grants, on such terms and conditions as the grantee with the approval of the corporation shall determine, provided that no such payments, grants and loans shall exceed the lesser of (i) sixty percent of the project cost FOR PROJECTS INVOLVING ACQUISITION OR ONE HUNDRED PERCENT OF REHABILITATION PROGRAMS WITHOUT AN ACQUISITION COMPONENT or (ii) the following per dwelling unit limitations (A) thirty-five thousand dollars EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11705-01-1
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