Senate Bill S8443

2019-2020 Legislative Session

Establishes the COVID-19 emergency homeownership stability program

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Sponsored By

Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development 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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2019-S8443 (ACTIVE) - Details

See Assembly Version of this Bill:
A10478
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Public Housing Law
Laws Affected:
Add Art 14 §§600 - 605, Pub Hous L
Versions Introduced in 2021-2022 Legislative Session:
S972, A6620

2019-S8443 (ACTIVE) - Summary

Authorizes the commissioner of New York homes and community renewal, as soon as practicable and subject to the disbursement of federal funds expressly for this purpose to the housing finance agency, to implement an emergency COVID-19 homeownership stability program and issue an emergency homeownership payment directly to the eligible homeowner; makes related provisions.

2019-S8443 (ACTIVE) - Sponsor Memo

2019-S8443 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8443
 
                             I N  S E N A T E
 
                               June 3, 2020
                                ___________
 
 Introduced  by  Sens.  GAUGHRAN,  KAVANAGH,  ADDABBO,  BROOKS, CARLUCCI,
   HARCKHAM, KAMINSKY, KAPLAN, MARTINEZ, MAY, METZGER, SKOUFIS, THOMAS --
   read twice and ordered printed, and when printed to  be  committed  to
   the Committee on Housing, Construction and Community Development
 
 AN  ACT to amend the public housing law, in relation to establishing the
   COVID-19 emergency homeownership stability program

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The public housing law is amended by adding a new article
 14 to read as follows:
                                ARTICLE 14
            COVID-19 EMERGENCY HOMEOWNERSHIP STABILITY PROGRAM
 SECTION 600. DEFINITIONS.
         601. AUTHORITY TO  IMPLEMENT  COVID-19  EMERGENCY  HOMEOWNERSHIP
                STABILITY PROGRAM.
         602. ELIGIBILITY.
         603. TAX LIEN FORECLOSURE.
         604. MORTGAGE FORECLOSURE.
         605. PAYMENT.
   §  600. DEFINITIONS. FOR PURPOSES OF THIS ARTICLE, THE FOLLOWING TERMS
 SHALL HAVE THE FOLLOWING MEANINGS:
   1. "ADJUSTED INCOME" SHALL MEAN INCOME MINUS ANY DEDUCTIONS  ALLOWABLE
 AT  THE  DISCRETION  OF  THE  COMMISSIONER  PURSUANT TO THIS SECTION. IN
 DETERMINING THE INCOME OF A HOUSEHOLD FOR THE  PURPOSES  OF  THIS  PARA-
 GRAPH, INCOME SHALL BE CONSIDERED TO INCLUDE ONLY INCOME THAT THE HOUSE-
 HOLD  IS  RECEIVING  AT  THE TIME OF APPLICATION FOR ASSISTANCE FROM THE
 PROGRAM AND ANY INCOME RECENTLY TERMINATED SHALL NOT BE INCLUDED, EXCEPT
 THAT FOR PURPOSES OF  HOUSEHOLDS  RECEIVING  ASSISTANCE  FOR  ARREARAGES
 INCOME  MAY  INCLUDE  THE INCOME THAT THE HOUSEHOLD WAS RECEIVING AT THE
 TIME SUCH ARREARAGES WERE INCURRED.
   2. "INCOME" SHALL MEAN INCOME FROM ALL SOURCES OF EACH MEMBER  OF  THE
 HOUSEHOLD, INCLUDING ALL WAGES, TIPS, OVERTIME, SALARY, RECURRING GIFTS,
 RETURNS  ON  INVESTMENTS,  WELFARE ASSISTANCE, SOCIAL SECURITY PAYMENTS,
 CHILD SUPPORT PAYMENTS, UNEMPLOYMENT BENEFITS, ANY BENEFIT,  PAYMENT  OR
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

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