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
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 03, 2020 referred to housing, construction and community development

Co-Sponsors

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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

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.

S8443 (ACTIVE) - Sponsor Memo

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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