assembly Bill A975

2017-2018 Legislative Session

Authorizes study of housing programs for low and middle income families

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Sponsored By

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 03, 2018 referred to housing
Jan 10, 2017 referred to housing

Co-Sponsors

Multi-Sponsors

A975 (ACTIVE) - Details

Law Section:
Private Housing Finance Law
Laws Affected:
Amd §§35, 96 & 123, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: A9969
2011-2012: A1890
2013-2014: A616
2015-2016: A428

A975 (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.

A975 (ACTIVE) - Bill Text download pdf


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

                                   975

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                            January 10, 2017
                               ___________

Introduced  by M. of A. ROSENTHAL, JAFFEE, COOK, TITONE, PERRY -- Multi-
  Sponsored by -- M. of A. FARRELL, GLICK, GOTTFRIED, TITUS -- read once
  and referred to the Committee 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.
  § 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
governments to retain and expand the existing  inventory  of  state  and
locally  aided  low  and  middle  income  housing so as to preserve such

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