assembly Bill A5505

2017-2018 Legislative Session

Relates to requiring affordable housing projects to calculate and only use the area median income for the specific zip code that the project is located in

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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 (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 03, 2018 referred to housing
Oct 25, 2017 print number 5505a
Oct 25, 2017 amend and recommit to housing
Feb 09, 2017 referred to housing

Co-Sponsors

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A5505 - Details

Law Section:
Real Property Tax Law
Laws Affected:
Amd §421-a, RPT L
Versions Introduced in Other Legislative Sessions:
2019-2020: A3109
2021-2022: A1967

A5505 - Summary

Relates to requiring affordable housing projects to calculate and only use the area median income for the specific zip code that the project is located in for determining affordability.

A5505 - Bill Text download pdf


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

                                  5505

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                            February 9, 2017
                               ___________

Introduced by M. of A. BARNWELL -- read once and referred to the Commit-
  tee on Housing

AN  ACT  to  amend  the  real property tax law, in relation to requiring
  affordable housing projects to calculate and only use the area  median
  income  for  the  specific zip code that the project is located in for
  determining affordability

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

  Section 1. Subdivision 1 of section 421-a of the real property tax law
is amended by adding a new paragraph e to read as follows:
  E.  "AREA MEDIAN INCOME (AMI)." WHENEVER CALCULATING THE AFFORDABILITY
OF A PROJECT, AMI SHALL BE BASED SOLELY ON THE SPECIFIC ZIP  CODE  WHERE
THE PROJECT SHALL BE LOCATED.
  §  2.  All affordable housing projects, including, but not limited to,
421-a projects, shall only use the area  median  income  (AMI)  for  the
specific zip code that the project is located in for determining afford-
ability.
  § 3. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09241-02-7

Co-Sponsors

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Multi-Sponsors

A5505A (ACTIVE) - Details

Law Section:
Real Property Tax Law
Laws Affected:
Amd §421-a, RPT L
Versions Introduced in Other Legislative Sessions:
2019-2020: A3109
2021-2022: A1967

A5505A (ACTIVE) - Summary

Relates to requiring affordable housing projects to calculate and only use the area median income for the specific zip code that the project is located in for determining affordability.

A5505A (ACTIVE) - Bill Text download pdf


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

                                 5505--A

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                            February 9, 2017
                               ___________

Introduced  by  M.  of  A. BARNWELL, JOYNER, PICHARDO, BICHOTTE, BARRON,
  WRIGHT, DE LA ROSA, SEPULVEDA, DILAN, HARRIS, HYNDMAN, VANEL,  COLTON,
  WEPRIN,  COOK, ARROYO, AUBRY, SIMOTAS, RICHARDSON, RIVERA, M. G. MILL-
  ER, GJONAJ, RODRIGUEZ -- read once and referred to  the  Committee  on
  Housing  --  committee  discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the real property tax  law,  in  relation  to  requiring
  affordable  housing projects to calculate and only use the area median
  income for the specific zip code that the project is  located  in  for
  determining affordability

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

  Section 1. Subdivision 1 of section 421-a of the real property tax law
is amended by adding a new paragraph e to read as follows:
  E. "AREA MEDIAN INCOME (AMI)." WHENEVER CALCULATING THE  AFFORDABILITY
OF  A  PROJECT, AMI SHALL BE BASED SOLELY ON THE SPECIFIC ZIP CODE WHERE
THE PROJECT SHALL BE LOCATED.
  § 2. All affordable housing projects, including, but not  limited  to,
421-a  projects,  shall  only  use  the area median income (AMI) for the
specific zip code that the project is located in for determining afford-
ability.  However, for any affordable housing project in the five  coun-
ties  that  make up New York City, including, but not limited to a 421-a
project, that is being located in a zip code  where  the  AMI  for  that
specific  zip  code  is  higher  than  the  New York City Region AMI, as
defined by HUD, the AMI for the affordability  project,  including,  but
not  limited to a 421-a project, will be the AMI that HUD has determined
to be the New York City Region AMI.
  § 3. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09241-05-7