Assembly Bill A2497

2017-2018 Legislative Session

Defines probable aggregate annual income for the tenant's eligibility under guidelines set for housing authority

download bill text pdf

Sponsored By

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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2017-A2497 (ACTIVE) - Details

See Senate Version of this Bill:
S2378
Current Committee:
Assembly Housing
Law Section:
Public Housing Law
Laws Affected:
Amd §156, Pub Hous L; amd §§31 & 85-a, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: A833
2011-2012: A1285, S3118
2013-2014: A618, S1823
2015-2016: A124, S3570
2019-2020: A3247, S3357
2021-2022: A3274, S2017
2023-2024: A2179, S4968

2017-A2497 (ACTIVE) - Summary

Defines "probable aggregate annual income" for purposes of determining eligibility for limited profit and limited dividend housing companies, as the annual net income after federal, state and municipal income taxes are deducted from gross income of the chief wage earner.

2017-A2497 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2497
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 20, 2017
                                ___________
 
 Introduced  by  M.  of  A.  DINOWITZ  --  Multi-Sponsored by -- M. of A.
   FARRELL -- read once and referred to the Committee on Housing
 
 AN ACT to amend the public housing law and the private  housing  finance
   law, in relation to defining probable aggregate annual income
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The closing paragraph of subdivision 1 of  section  156  of
 the  public  housing law, as amended by chapter 893 of the laws of 1974,
 is amended to read as follows:
   The "probable aggregate annual income" means the annual NET income [of
 the chief wage earner of the family] AFTER FEDERAL, STATE AND  MUNICIPAL
 INCOME TAXES ARE DEDUCTED FROM THE GROSS INCOME OF THE CHIEF WAGE EARNER
 plus  all  other   income of other members of the family over the age of
 twenty-one years, plus a proportion of the income of members  under  the
 age of twenty-one years to be determined by the authority solely for the
 purpose  of  establishing  rent to be paid except that the authority may
 exclude a proportion of the income of other members of the  family  over
 the  age  of twenty-one years for the purpose of determining eligibility
 for admission or continued occupancy, or for establishing rental of such
 family, or for all such purposes, subject to approval by the commission-
 er with respect to state projects.
   § 2. Paragraph (a) of subdivision 2 of section 31 of the private hous-
 ing finance law, as amended by chapter 260  of  the  laws  of  1996,  is
 amended to read as follows:
   (a) The dwelling or non-housekeeping accommodations without board in a
 company project shall be available for persons or families of low income
 whose  probable  aggregate  annual  income  at the time of admission and
 during the period of occupancy does not exceed, the greater of  (i)  the
 median  income for such persons or families for the metropolitan statis-
 tical area in which the project is located, or if a project  is  located
 outside  a  metropolitan  statistical  area,  the median income for such
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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