senate Bill S1384

2011-2012 Legislative Session

Establishes the home ownership assistance program

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Sponsored By

Archive: Last Bill Status -


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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to housing, construction and community development
Jan 07, 2011 referred to housing, construction and community development

Co-Sponsors

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S1384 - Details

See Assembly Version of this Bill:
A2961
Law Section:
Public Housing Law
Laws Affected:
Add Art IX §§170 - 176, Pub Hous L
Versions Introduced in 2009-2010 Legislative Session:
S1138, A1433

S1384 - Summary

Establishes the home ownership assistance program; allows qualified individuals to receive home ownership assistance payments when they purchase an eligible home; defines who is eligible for such assistance payments and how much those assistance payments will be.

S1384 - Sponsor Memo

S1384 - Bill Text download pdf

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

                                  1384

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             January 7, 2011
                               ___________

Introduced by Sens. PERKINS, DIAZ, DILAN, DUANE, HASSELL-THOMPSON, PARK-
  ER,  SMITH  --  read twice and ordered printed, and when printed to be
  committed to the Committee  on  Housing,  Construction  and  Community
  Development

AN  ACT  to amend the public housing law, in relation to creating a home
  ownership assistance program

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

  Section 1. The public housing law is amended by adding a new article 9
to read as follows:
                               ARTICLE IX
                    HOME OWNERSHIP ASSISTANCE PROGRAM
SECTION 170. DEFINITIONS.
        171. HOME OWNERSHIP ASSISTANCE PROGRAM.
        172. APPLICABILITY OF THE PROGRAM.
        173. AMOUNT   AND   PROCEDURE   FOR  HOME  OWNERSHIP  ASSISTANCE
               PAYMENTS.
        174. TERMS OF ASSISTANCE FOR NOT-FOR-PROFIT ORGANIZATIONS.
        175. RULES AND REGULATIONS.
        176. FUNDING FOR THE HOME OWNERSHIP ASSISTANCE PROGRAM.
  S 170. DEFINITIONS. FOR PURPOSES OF THIS ARTICLE, THE FOLLOWING  TERMS
SHALL HAVE THE FOLLOWING MEANINGS:
  1.  "DEPARTMENT"  SHALL  MEAN  THE NEW YORK CITY DEPARTMENT OF HOUSING
PRESERVATION AND DEVELOPMENT.
  2. "ELIGIBLE UNIT" SHALL MEAN:
  A.  ANY (I) HOME WITH FOUR OR LESS UNITS; (II) CONDOMINIUM;  OR  (III)
COOPERATIVE;
  B.  WHERE  THE  PURCHASE  OF SUCH HOME, CONDOMINIUM, OR COOPERATIVE IS
PROVIDED FOR, INSURED, OR GUARANTEED BY THE STATE OR FEDERAL GOVERNMENT.
  3. "QUALIFIED HOUSEHOLD" SHALL MEAN ANY PERSON OR HIS  OR  HER  FAMILY
MEMBER WHO:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03424-01-1

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