|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 04, 2012||referred to housing, construction and community development|
|Jan 05, 2011||referred to housing, construction and community development|
senate Bill S761
Archive: Last Bill Status - In Senate Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S761 - Details
- Law Section:
- Private Housing Finance Law
- Laws Affected:
- Amd §§1100 & 1101, Priv Hous Fin L
- Versions Introduced in 2009-2010 Legislative Session:
S761 - Summary
Includes moderate rehabilitation within the definition of project for the purposes of the low income housing trust fund program; defines moderate rehabilitation project as any occupied residential property or portion thereof which if vacant or underoccupied would qualify as a cooperative project, condominium project, homesteading project or rental project.
S761 - Sponsor Memo
BILL NUMBER:S761 TITLE OF BILL: An act to amend the private housing finance law, in relation to the low income housing trust fund program PURPOSE: The bill authorizes the Housing Trust Fund Program to make grants or loans for the moderate rehabilitation of occupied buildings. SUMMARY OF PROVISIONS: This bill amends the Private Housing Finance Law to state that the legislative findings and purpose for the Housing Trust Fund Program is changed by adding a finding that there exists throughout the State a significant number of occupied, as well as vacant or underutilized, dwellings which are deteriorated, unsafe or substandard. This legislation also authorizes the Housing Trust Fund Corporation (HTFC) to fund Moderate Rehabilitation projects and eliminates for such projects the existing requirement that structures eligible for financing under the Trust Fund Program be vacant or under occupied. JUSTIFICATION: Existing law limits the Housing Trust Fund Program to rehabilitating, constructing, or converting only those properties that are vacant or
S761 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 761 2011-2012 Regular Sessions I N S E N A T E (PREFILED) January 5, 2011 ___________ Introduced by Sen. YOUNG -- 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 the low income housing trust fund program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 1100 of the private housing finance law, as amended by chapter 121 of the laws of 1988, is amended to read as follows: S 1100. Statement of legislative findings and purpose. The legislature hereby finds and declares that there is a serious shortage of decent affordable housing in the state for persons of low income; that the cost of providing such housing without public participation and assistance is prohibitively high; that there exists throughout the state a significant number of dwellings which are deteriorated and are vacant or underuti- lized; THAT THERE EXISTS THROUGHOUT THE STATE A SIGNIFICANT NUMBER OF OCCUPIED DWELLINGS WHICH ARE ALSO DETERIORATED, UNSAFE OR SUBSTANDARD; that the existence of such properties creates a serious threat to the health and safety of persons who live in or near them, limits the avail- ability of decent affordable housing to others, contributes to the blight and deterioration of neighborhoods, and drains municipal resources and expenditures; that the rehabilitation of these properties would stem the deterioration of neighborhoods and promote the preserva- tion and creation of safe and sanitary low income housing; that the potential exists to make such housing available to persons of low income through projects carried out by eligible applicants to rehabilitate these dwelling accommodations, bring these accommodations into compli- ance with all applicable laws and regulations and remove all hazardous and immediately hazardous code conditions; that the purposes of this article should also be served by providing for new construction of hous- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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