senate Bill S7571

2013-2014 Legislative Session

Authorizes labor unions to work with the city of New York to finance the construction of affordable housing for its members

download bill text pdf

Sponsored By

Archive: Last Bill Status -


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

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 15, 2014 referred to housing, construction and community development

S7571 - Details

Law Section:
Private Housing Finance Law
Laws Affected:
Add ยง1154, Priv Hous Fin L

S7571 - Summary

Authorizes labor unions to work with the city of New York to finance the construction of affordable housing for its members.

S7571 - Sponsor Memo

S7571 - Bill Text download pdf

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

                                  7571

                            I N  S E N A T E

                              May 15, 2014
                               ___________

Introduced  by  Sen.  PARKER -- 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 labor
  union financed housing

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. The private housing finance law is amended by adding a new
section 1154 to read as follows:
  S 1154. PARTNERSHIP WITH LABOR UNIONS.  1. NOTWITHSTANDING  ANY  OTHER
PROVISION  OF LAW TO THE CONTRARY, THE CITY OF NEW YORK MAY ENTER INTO A
COOPERATIVE PARTNERSHIP WITH ANY COLLECTIVE BARGAINING UNIT THAT REPRES-
ENTS EMPLOYEES OF SUCH CITY TO FINANCE THE  CONSTRUCTION  OF  AFFORDABLE
HOUSING FOR THE MEMBERS OF SUCH COLLECTIVE BARGAINING UNIT.
  2.  ANY  FINANCING FOR THE CONSTRUCTION OF AFFORDABLE HOUSING PURSUANT
TO THIS SECTION SHALL CONSIST OF UNITS THAT ARE EXCLUSIVELY OCCUPIED  BY
EMPLOYEES  OF  THE CITY OF NEW YORK. FOR PURPOSES OF THIS SUBDIVISION, A
UNIT SHALL BE DEEMED OCCUPIED BY AN EMPLOYEE OF THE CITY IF AT LEAST ONE
PERSON RESIDING IN SUCH UNIT IS AN EMPLOYEE OF THE CITY,  SUCH  EMPLOYEE
ACTUALLY  RESIDES  IN  THE UNIT FOR MORE THAN FIFTY PERCENT OF THE YEAR,
AND THE COMBINED INCOME OF ALL MEMBERS RESIDING IN THE UNIT IS LESS THAN
ONE HUNDRED TWENTY-FIVE PERCENT OF THE AREA MEDIAN INCOME.
  3. A LEASE OR RENTAL AGREEMENT OF ANY UNIT CREATED  PURSUANT  TO  THIS
SECTION  SHALL  NOT BE EXTENDED OR RENEWED TO ANY PERSON IF THE CRITERIA
ESTABLISHED IN SUBDIVISION TWO OF THIS SECTION ARE NO LONGER SATISFIED.
  S 2. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15229-02-4

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