senate Bill S524

2011-2012 Legislative Session

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

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Committee


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

do you support this bill?

Actions

view actions (5)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 12, 2012 committee discharged and committed to rules
Mar 09, 2012 notice of committee consideration - requested
Jan 04, 2012 referred to housing, construction and community development
Apr 05, 2011 notice of committee consideration - requested
Jan 05, 2011 referred to housing, construction and community development

Co-Sponsors

S524 - Bill Details

See Assembly Version of this Bill:
A6262
Current Committee:
Senate Rules
Law Section:
Private Housing Finance Law
Laws Affected:
Amd ยง31, Priv Hous Fin L
Versions Introduced in 2009-2010 Legislative Session:
S8501

S524 - Bill Texts

view summary

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

view sponsor memo
BILL NUMBER:S524

TITLE OF BILL:
An act
to amend the private housing finance law, in relation to determining
eligibility for admission to certain limited-profit housing
company accommodations

PURPOSE:
The purpose of this bill is to increase the income limitations of
families that would be eligible for Mitchell-Lama housing.

SUMMARY OF PROVISIONS:
This bill would amend paragraph (e) of subdivision 2 of section 31 of
the private housing finance law by removing the requirement that
families must have two or more dependents to be eligible for
Mitchell-Lama housing, if their probable aggregate annual income does
not exceed one hundred twenty five percent of the average median
income for the area.

JUSTIFICATION:
Current law states that families with two or more dependants whose
probable aggregate annual income does not exceed one hundred and
twenty-five percent of average median income are eligible for
Mitchell-Lama housing, provided they pay a rental surcharge. This
bill would simply alter the provision to eliminate the requirement
that those applicants have two or more dependents. This bill would
make Mitchell-Lama housing developments accessible to more middle
income families, and preserve the program's original intent.

LEGISLATIVE HISTORY:
2010: S.8501

FISCAL IMPLICATIONS:
None.

EFFECTIVE DATE:
This act shall take effect immediately.

view full text
download pdf
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   524

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by Sen. SQUADRON -- 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 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

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.