assembly Bill A428

2015-2016 Legislative Session

Authorizes study of housing programs for low and middle income families

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Archive: Last Bill Status - In Assembly 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 06, 2016 referred to housing
Jan 07, 2015 referred to housing

Co-Sponsors

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Multi-Sponsors

A428 (ACTIVE) - Details

See Senate Version of this Bill:
S3611
Law Section:
Private Housing Finance Law
Laws Affected:
Amd ยงยง35, 96 & 123, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: A9969, S2171
2011-2012: A1890, S1309
2013-2014: A616, S508
2017-2018: A975, S802
2019-2020: S1126

A428 (ACTIVE) - Summary

Authorizes the state division of housing and community renewal to study housing programs for low and middle income families, and provides for a moratorium on the voluntary dissolution of limited profit, limited dividend and redevelopment housing companies.

A428 (ACTIVE) - Bill Text download pdf

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

                                   428

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced  by M. of A. ROSENTHAL, JAFFEE, COOK, CAMARA, TITONE, WRIGHT,
  ROBINSON, PERRY -- Multi-Sponsored by --  M.  of  A.  FARRELL,  GLICK,
  GOTTFRIED, SCARBOROUGH, TITUS -- read once and referred to the Commit-
  tee on Housing

AN  ACT authorizing the New York state division of housing and community
  renewal to study state and locally aided  housing  programs  and  make
  recommendations  for  the preservation, modernization, and increase in
  the supply of such housing; to amend the private housing finance  law,
  in  relation to providing a moratorium on the voluntary dissolution of
  limited profit, limited dividend and redevelopment housing  companies;
  and  providing  for  the  repeal of certain provisions upon expiration
  thereof

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

  Section  1.  New  York state and its localities have invested for more
than a half century in the creation of low and middle income housing  to
benefit those most in need and to the general benefit of state and local
economies.  In  many  cases such housing has fallen into disrepair or is
being lost as affordable housing due to  statutory  provisions  allowing
owners  to  dissolve  housing  companies.  The unmet need for affordable
housing is presently greater than at any time in the state's history.  A
temporary moratorium on the dissolution of any housing company is neces-
sary for the New York state division of housing and community renewal to
complete its work and make recommendations.
  S  2.  The division of housing and community renewal shall undertake a
comprehensive study of the present status of state and locally aided low
and middle income housing programs and make recommendations with respect
to the preservation, modernization, and expansion of the number of hous-
ing units provided by such programs. Such recommendations shall include,
but not be limited to, methods that may be employed by state  and  local

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