senate Bill S1229

2013-2014 Legislative Session

Establishes the home ownership assistance 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 08, 2014 referred to housing, construction and community development
Jan 09, 2013 referred to housing, construction and community development

Co-Sponsors

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S1229 - Details

See Assembly Version of this Bill:
A2770
Current Committee:
Law Section:
Public Housing Law
Laws Affected:
Add Art IX §§170 - 176, Pub Hous L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S1384, A2961
2009-2010: S1138, A1433

S1229 - 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.

S1229 - Sponsor Memo

S1229 - Bill Text download pdf

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

                                  1229

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sens.  PERKINS,  DIAZ,  DILAN, HASSELL-THOMPSON, PARKER,
  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.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00731-01-3

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