Assembly Bill A5350

Signed By Governor
2019-2020 Legislative Session

Relates to the aggregate annual income of low income persons or families eligible for accommodations in a company project

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Sponsored By

Archive: Last Bill Status Via S4133 - Signed by Governor


  • 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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2019-A5350 (ACTIVE) - Details

See Senate Version of this Bill:
S4133
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §31, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2013-2014: A6569
2015-2016: A3728
2017-2018: A5560

2019-A5350 (ACTIVE) - Summary

Relates to the aggregate annual income of low income persons or families eligible for accommodations in a company project.

2019-A5350 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5350
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 11, 2019
                                ___________
 
 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  the
   aggregate annual income of low income persons or families eligible for
   accommodations in a company project

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (a) of subdivision 2 of section 31 of the private
 housing finance law, as amended by chapter 260 of the laws of  1996,  is
 amended to read as follows:
   (a) The dwelling or non-housekeeping accommodations without board in a
 company project shall be available for persons or families of low income
 whose  probable  aggregate  annual  income  at the time of admission and
 during the period of occupancy does not exceed, the greater of  (i)  the
 median  income for such persons or families for the metropolitan statis-
 tical area in which the project is located, or if a project  is  located
 outside  a  metropolitan  statistical  area,  the median income for such
 persons or families for the county in which the project is  located,  as
 most  recently determined by the United States department of housing and
 urban development, in which case any person or family becoming  eligible
 for  admission pursuant to this subparagraph shall pay, from the time of
 admission, a rental surcharge as provided for in  subdivision  three  of
 this section, computed on the basis of the income limitations applicable
 to such persons or families in the absence of this subparagraph, or (ii)
 [seven]  EIGHT  times the rental, including the value or cost to them of
 heat, light, water and cooking  fuel,  of  the  dwellings  that  may  be
 furnished  to such persons or families, except that in the case of fami-
 lies with three or more dependents, such ratio shall not exceed  [eight]
 NINE  to  one.  The  "probable  aggregate  annual income" in the case of
 dwelling accommodations means the annual income of the chief wage earner
 of the family, plus all other income of other members of the family over
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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