|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|
senate Bill S1242
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1242 - Details
S1242 - Summary
Enacts the Housing New York Program Act for the twenty-first century to assure that funds from public sources for the provision of dwelling accommodations are used to benefit persons of low and moderate income.
S1242 - Sponsor Memo
BILL NUMBER:S1242 TITLE OF BILL: An act in relation to enacting the housing New York program act for the twenty-first century and to amend the private housing finance law, in relation to the housing New York corporation PURPOSE: To establish a major new source of funding for the creation of affordable housing in New York City, utilizing surplus revenues of the Battery Park City Authority. SUMMARY OF PROVISIONS: Section 1 of this bill enacts the Housing New York Program Act for the Twenty-First Century. Under the Act, New York City is authorized to use funds provided by the Housing New York Corporation to acquire, construct and rehabilitate residential housing. The Act contains provisions requiring that such housing be kept affordable for low and moderate income families, that displacement be kept to a minimum and that the City maintain its housing program efforts notwithstanding the new funds provided by this legislation. Section 2 of the bill authorizes the existing Housing New York Corporation, which is a subsidiary of the New York City Housing
S1242 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1242 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sens. PERKINS, BRESLIN, DIAZ, DILAN, HASSELL-THOMPSON, KRUEGER, MONTGOMERY, PARKER, SERRANO, SMITH -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT in relation to enacting the housing New York program act for the twenty-first century and to amend the private housing finance law, in relation to the housing New York corporation THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The housing New York program act for the twenty-first century is hereby enacted to read as follows: HOUSING NEW YORK PROGRAM ACT FOR THE TWENTY-FIRST CENTURY Section 1. Short title. 2. Legislative findings and purpose. 3. Definitions. 4. Housing New York program for the twenty-first century. 5. Minimization of displacement. 6. Affordability. 7. Rent regulation. 8. Standards and criteria. 9. Allocation of program funds. 10. Income determinations. 11. Maintenance of effort. 12. Contracts. 13. Reports. 14. Act not to supersede other requirements. 15. Severability. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00759-01-3
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