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Assembly Bill A3109

2019-2020 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

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2019-A3109 (ACTIVE) - Details

See Senate Version of this Bill:
S3666
Current Committee:
Assembly Housing
Law Section:
Real Property Tax Law
Laws Affected:
Amd §421-a, RPT L
Versions Introduced in Other Legislative Sessions:
2017-2018: A5505, S4458
2021-2022: A1967
2023-2024: A5720

2019-A3109 (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.

2019-A3109 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3109
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 28, 2019
                                ___________
 
 Introduced  by  M.  of  A.  BARNWELL  --  Multi-Sponsored by -- M. of A.
   ARROYO, AUBRY, BARRON,  BICHOTTE,  COLTON,  COOK,  DE LA ROSA,  DILAN,
   HYNDMAN,  JAFFEE, JOYNER, M. G. MILLER, MOSLEY, PICHARDO, QUART, RICH-
   ARDSON, RIVERA, RODRIGUEZ, SEAWRIGHT, SIMOTAS, TAYLOR, VANEL,  WEPRIN,
   WRIGHT -- read once and referred to the Committee 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.   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.
                                                            LBD02209-01-9

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