| 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 |
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
Bill Amendments
Co-Sponsors
Latoya Joyner
Victor M. Pichardo
Rodneyse Bichotte
Inez Barron
A5505 - Details
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
Latoya Joyner
Victor M. Pichardo
Rodneyse Bichotte
Inez Barron
Multi-Sponsors
Andrew Hevesi
A5505A (ACTIVE) - Details
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