Senate Bill S5269

2019-2020 Legislative Session

Establishes the affordable senior housing and services program to be administered by the housing trust fund corporation

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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-S5269 (ACTIVE) - Details

See Assembly Version of this Bill:
A4974
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Private Housing Finance Law
Laws Affected:
Add Art 28 §§1240 - 1242, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2017-2018: S5141, A6804
2021-2022: S3006, A3531

2019-S5269 (ACTIVE) - Summary

Establishes the affordable senior housing and services program to be administered by the housing trust fund corporation; such program shall provide payments, loans and grants for the reasonable and necessary expenses of creating, preserving or improving affordable senior housing which provides healthy aging services to residents.

2019-S5269 (ACTIVE) - Sponsor Memo

2019-S5269 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5269
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                              April 22, 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 estab-
   lishing the affordable senior housing and services program

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. The private housing finance law is amended by adding a new
 article 28 to read as follows:
 
                              ARTICLE XXVIII
                         AFFORDABLE SENIOR HOUSING
                               AND SERVICES
 
 SECTION 1240. STATEMENT OF LEGISLATIVE FINDINGS AND PURPOSE.
         1241. DEFINITIONS.
         1242. AFFORDABLE SENIOR HOUSING AND SERVICES PROGRAM.
   § 1240. STATEMENT OF LEGISLATIVE FINDINGS AND PURPOSE. THE LEGISLATURE
 HEREBY FINDS AND DECLARES THAT THERE EXISTS IN THE STATE A SERIOUS SHOR-
 TAGE OF RENTAL HOUSING FOR OLDER PERSONS WHO CHOOSE TO LIVE INDEPENDENT-
 LY, AND WHO MAY BENEFIT FROM MODEST BASIC SERVICES IN  ORDER  TO  REMAIN
 LIVING  INDEPENDENTLY.  PROVIDING  CAPITAL  FUNDING  TO  FACILITATE  THE
 CONSTRUCTION AND REHABILITATION  OF  AFFORDABLE  RENTAL  APARTMENTS  FOR
 OLDER  PERSONS  OVER THE AGE OF SIXTY-TWO, AND PROVIDING SERVICE COORDI-
 NATION FUNDS TO NOT-FOR-PROFIT ORGANIZATIONS, WILL  ALLOW  THOUSANDS  OF
 OLDER  NEW  YORKERS  TO  "AGE-IN-PLACE"  COMFORTABLY IN THEIR COMMUNITY,
 REDUCING THE LIKELIHOOD OF RESIDING IN AN INSTITUTIONAL SETTING.
   § 1241. DEFINITIONS. AS USED IN THIS ARTICLE:
   1. "CORPORATION" SHALL MEAN THE HOUSING TRUST FUND CORPORATION  ESTAB-
 LISHED IN SECTION FORTY-FIVE-A OF THIS CHAPTER.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09368-01-9
              

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