S T A T E O F N E W Y O R K
________________________________________________________________________
4047
2015-2016 Regular Sessions
I N S E N A T E
February 26, 2015
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Introduced by Sen. CARLUCCI -- read twice and ordered printed, and when
printed to be committed to the Committee on Corporations, Authorities
and Commissions
AN ACT to amend the New York state urban development corporation act, in
relation to establishing a community development financial institution
disability housing program
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 1 of chapter 174 of the laws of 1968, constituting
the New York state urban development corporation act, is amended by
adding a new section 16-x to read as follows:
S 16-X. COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION DISABILITY HOUSING
PROGRAM. 1. LEGISLATIVE INTENT. THE LEGISLATURE HEREBY FINDS THAT THE
INCREASED DEVELOPMENT OF HOUSING SUITABLE FOR INDIVIDUALS WITH MENTAL
AND DEVELOPMENTAL DISABILITIES IS A PRIORITY OF THE STATE AND THAT
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS CAN EFFECTIVELY LEVERAGE
PUBLIC FUNDS TO FINANCE THE CONSTRUCTION OF THIS KIND OF HOUSING.
2. DEFINITIONS. AS USED IN THIS SECTION, THE FOLLOWING TERMS SHALL
HAVE THE MEANINGS INDICATED:
(A) "COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION" OR "CDFI" SHALL HAVE
THE SAME MEANING AS SUCH TERMS ARE DEFINED IN SUBDIVISION 2 OF SECTION
16-O OF THIS ACT.
(B) "COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND" SHALL MEAN THE
FUND AS DEFINED IN SUBDIVISION 2 OF SECTION 16-O OF THIS ACT.
(C) "SUPPORTIVE LIVING FACILITY" SHALL HAVE THE SAME MEANING AS SUCH
TERM IS DEFINED IN SUBDIVISION 28-B OF SECTION 1.03 OF THE MENTAL
HYGIENE LAW.
(D) "SUPERVISED LIVING FACILITY" SHALL HAVE THE SAME MEANING AS SUCH
TERM IS DEFINED IN SUBDIVISION 28-A OF SECTION 1.03 OF THE MENTAL
HYGIENE LAW.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09345-01-5
S. 4047 2
3. PURPOSE. THE CORPORATION SHALL ALLOCATE FUNDS IN THE COMMUNITY
DEVELOPMENT FINANCIAL INSTITUTIONS FUND NOT TO EXCEED TWENTY-FIVE
MILLION DOLLARS TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS INVOLVED
IN THE FINANCING AND DEVELOPMENT OF SUPPORTIVE AND SUPERVISED LIVING
FACILITIES IN ORDER TO DEVELOP ADDITIONAL HOUSING FOR INDIVIDUALS WITH
DEVELOPMENTAL AND MENTAL DISABILITIES IN THE STATE.
4. RULES AND REGULATIONS. THE CORPORATION, IN CONSULTATION WITH THE
OFFICE OF MENTAL HEALTH, THE OFFICE FOR PEOPLE WITH DEVELOPMENTAL DISA-
BILITIES AND THE OFFICE OF ALCOHOLISM AND SUBSTANCE ABUSE SERVICES SHALL
BE AUTHORIZED TO PROMULGATE RULES AND REGULATIONS IN ACCORDANCE WITH THE
STATE ADMINISTRATIVE PROCEDURE ACT THAT ARE NECESSARY TO FULFILL THE
PURPOSES OF THIS SECTION.
5. ALLOCATIONS OF FUNDS PURSUANT TO THIS SECTION SHALL BE SUBJECT TO
ALL THE PROVISIONS OF SECTION 16-O OF THIS ACT.
S 2. This act shall take effect on the one hundred eightieth day after
it shall have become a law; provided, however, that effective immediate-
ly, the addition, amendment and/or repeal of any rule or regulation
necessary for the implementation of this act on its effective date are
authorized and directed to be made and completed on or before such
effective date.