Senate Bill S4133

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 - 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-S4133 (ACTIVE) - Details

See Assembly Version of this Bill:
A5350
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-S4133 (ACTIVE) - Summary

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

2019-S4133 (ACTIVE) - Sponsor Memo

2019-S4133 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4133
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               March 1, 2019
                                ___________
 
 Introduced  by Sen. KAVANAGH -- 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  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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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