senate Bill S1126

2019-2020 Legislative Session

Authorizes study of housing programs for low and middle income families

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Housing, Construction And Community Development 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 (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2020 referred to housing, construction and community development
Jan 11, 2019 referred to housing, construction and community development

S1126 (ACTIVE) - Details

Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §§35, 96 & 123, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: S2171
2011-2012: S1309
2013-2014: S508
2015-2016: S3611
2017-2018: S802

S1126 (ACTIVE) - Summary

Authorizes the state division of housing and community renewal to study housing programs for low and middle income families, and provides for a moratorium on the voluntary dissolution of limited profit, limited dividend and redevelopment housing companies.

S1126 (ACTIVE) - Sponsor Memo

S1126 (ACTIVE) - Bill Text download pdf


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

                                  1126

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            January 11, 2019
                               ___________

Introduced  by Sen. BENJAMIN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Housing, Construction  and
  Community Development

AN  ACT to direct the division of housing and community renewal to study
  state and locally aided housing programs and make recommendations  for
  the  preservation,  modernization  and  increase in the supply of such
  housing; to amend the private housing  finance  law,  in  relation  to
  providing a moratorium on the voluntary dissolution of limited profit,
  limited  dividend  and  redevelopment housing companies; and providing
  for the repeal of certain provisions upon expiration thereof

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

  Section 1. Legislative intent.  New York state and its localities have
invested  for more than a half century in the creation of low and middle
income housing to benefit those most in need and to the general  benefit
of state and local economies. In many cases such housing has fallen into
disrepair  or  is  being  lost  as  affordable  housing due to statutory
provisions allowing owners to dissolve housing companies. The unmet need
for affordable housing is presently greater than  at  any  time  in  the
state's  history. A temporary moratorium on the dissolution of any hous-
ing company is necessary for  the  division  of  housing  and  community
renewal to complete its work and make recommendations.
  §  2.  The division of housing and community renewal shall undertake a
comprehensive study of the present status of state and locally aided low
and middle income housing programs and make recommendations with respect
to the preservation, modernization and expansion of the number of  hous-
ing units provided by such programs. Such recommendations shall include,
but  not  be limited to, methods that may be employed by state and local
governments to retain and expand the existing  inventory  of  state  and
locally  aided  low  and  middle  income  housing so as to preserve such

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06076-01-9

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