senate Bill S761

2011-2012 Legislative Session

Includes moderate rehabilitation within projects eligible for assistance under the low income housing trust fund program

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee


  • 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 05, 2011 referred to housing, construction and community development

S761 - Details

Current Committee:
Law Section:
Private Housing Finance Law
Laws Affected:
Amd ยงยง1100 & 1101, Priv Hous Fin L
Versions Introduced in 2009-2010 Legislative Session:
S4678

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

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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