Assembly Bill A6804

2017-2018 Legislative Session

Establishes the affordable senior housing and services program to be administered by the housing trust fund corporation

download bill text pdf

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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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2017-A6804 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Private Housing Finance Law
Laws Affected:
Add Art 28 §§1240 - 1242, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2019-2020: A4974
2021-2022: A3531

2017-A6804 (ACTIVE) - Summary

Establishes the affordable senior housing and services program to be administered by the housing trust fund corporation; such program shall provide payments, loans and grants for the reasonable and necessary expenses of creating, preserving or improving affordable senior housing which provides healthy aging services to residents.

2017-A6804 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6804
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 17, 2017
                                ___________
 
 Introduced  by  M.  of  A.  CYMBROWITZ  -- read once and referred to the
   Committee on Housing
 
 AN ACT to amend the private housing finance law, in relation  to  estab-
   lishing the affordable senior housing and services program
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The private housing finance law is amended by adding a  new
 article 28 to read as follows:
 
                              ARTICLE XXVIII
                         AFFORDABLE SENIOR HOUSING
                               AND SERVICES
 
 SECTION 1240. STATEMENT OF LEGISLATIVE FINDINGS AND PURPOSE.
         1241. DEFINITIONS.
         1242. AFFORDABLE SENIOR HOUSING AND SERVICES PROGRAM.
   § 1240. STATEMENT OF LEGISLATIVE FINDINGS AND PURPOSE. THE LEGISLATURE
 HEREBY FINDS AND DECLARES THAT THERE EXISTS IN THE STATE A SERIOUS SHOR-
 TAGE OF RENTAL HOUSING FOR OLDER PERSONS WHO CHOOSE TO LIVE INDEPENDENT-
 LY,  AND  WHO  MAY BENEFIT FROM MODEST BASIC SERVICES IN ORDER TO REMAIN
 LIVING  INDEPENDENTLY.  PROVIDING  CAPITAL  FUNDING  TO  FACILITATE  THE
 CONSTRUCTION  AND  REHABILITATION  OF  AFFORDABLE  RENTAL APARTMENTS FOR
 OLDER PERSONS OVER THE AGE OF SIXTY-TWO, AND PROVIDING  SERVICE  COORDI-
 NATION  FUNDS  TO  NOT-FOR-PROFIT ORGANIZATIONS, WILL ALLOW THOUSANDS OF
 OLDER NEW YORKERS TO  "AGE-IN-PLACE"  COMFORTABLY  IN  THEIR  COMMUNITY,
 REDUCING THE LIKELIHOOD OF RESIDING IN AN INSTITUTIONAL SETTING.
   § 1241. DEFINITIONS. AS USED IN THIS ARTICLE:
   1.  "CORPORATION" SHALL MEAN THE HOUSING TRUST FUND CORPORATION ESTAB-
 LISHED IN SECTION FORTY-FIVE-A OF THIS CHAPTER.
   2. "ELIGIBLE APPLICANT" SHALL MEAN A PERSON OF LOW INCOME,  A  HOUSING
 DEVELOPMENT FUND COMPANY INCORPORATED PURSUANT TO ARTICLE ELEVEN OF THIS

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

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