Senate Bill S3969

2015-2016 Legislative Session

Preferences under the affordable home ownership development program for service related disabled veterans

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2015-S3969 (ACTIVE) - Details

See Assembly Version of this Bill:
A3320
Current Committee:
Assembly Housing
Law Section:
Private Housing Finance Law
Laws Affected:
Amd ยง1112, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: S5135, A4080
2011-2012: S2507, A1351
2013-2014: S4287, A388
2017-2018: S5158, A1654
2019-2020: S3630, A4598
2021-2022: S6411, A5949
2023-2024: A1990

2015-S3969 (ACTIVE) - Summary

Provides for preferences under the affordable home ownership development program for service related disabled veterans.

2015-S3969 (ACTIVE) - Sponsor Memo

2015-S3969 (ACTIVE) - Bill Text download pdf

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

                                  3969

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 25, 2015
                               ___________

Introduced  by  Sen.  RANZENHOFER -- read twice and ordered printed, and
  when printed to be committed to the Committee  on  Veterans,  Homeland
  Security and Military Affairs

AN  ACT to amend the private housing finance law, in relation to prefer-
  ences under the affordable  home  ownership  development  program  for
  service related disabled veterans

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

  Section 1. Paragraph (a) of subdivision  3  of  section  1112  of  the
private  housing  finance  law, as amended by chapter 898 of the laws of
1986, is amended to read as follows:
  (a) Serve the lowest income households in the applicable region and is
designed to continue to be affordable to such households for a  substan-
tial  period of time[.] OR SERVE HOUSEHOLDS IN WHICH THE HOME BUYER IS A
SERVICE RELATED DISABLED VETERAN.
  FOR PURPOSES OF THIS SECTION, "SERVICE RELATED DISABLED VETERAN" SHALL
MEAN A PERSON (I) WHO SERVED IN  THE  ACTIVE  MILITARY,  NAVAL,  OR  AIR
SERVICE  DURING A TIME OF WAR AS DEFINED IN THIS PARAGRAPH, OR WHO WAS A
RECIPIENT OF THE ARMED FORCES EXPEDITIONARY  MEDAL,  NAVY  EXPEDITIONARY
MEDAL,  MARINE  CORPS  EXPEDITIONARY  MEDAL,  OR GLOBAL WAR ON TERRORISM
EXPEDITIONARY MEDAL, AND WHO WAS DISCHARGED OR RELEASED THEREFROM  UNDER
HONORABLE CONDITIONS, (II) HAS BEEN AWARDED A DISABILITY RATING OF FORTY
PERCENT  OR HIGHER FROM THE FEDERAL VETERAN'S ADMINISTRATION OR FROM THE
UNITED STATES DEPARTMENT OF DEFENSE, WHERE THAT DISABILITY WAS  INCURRED
IN  LINE  OF DUTY IN THE ACTIVE MILITARY, NAVAL OR AIR SERVICE, AS DOCU-
MENTED ACCORDING TO RULES AND REGULATIONS TO BE PROMULGATED BY THE DIVI-
SION.
  FOR THE PURPOSES OF THIS SECTION, "SERVICE DURING TIME OF  WAR"  SHALL
MEAN: (I) THE INDIVIDUAL IN QUESTION WAS A RECIPIENT OF THE ARMED FORCES
EXPEDITIONARY  MEDAL,  THE  NAVY EXPEDITIONARY MEDAL OR THE MARINE CORPS
EXPEDITIONARY MEDAL FOR PARTICIPATION IN OPERATIONS IN LEBANON FROM JUNE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02268-01-5
              

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