senate Bill S7332

2019-2020 Legislative Session

Authorizes towns in the Peconic Bay region to establish community housing funds to be funded by a supplemental real estate transfer tax

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Current Bill Status - In Senate Committee Local Government 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 (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 17, 2020 referred to local government

S7332 (ACTIVE) - Details

See Assembly Version of this Bill:
A9082
Current Committee:
Senate Local Government
Law Section:
Town Law
Laws Affected:
Add §64-k, Town L; amd §§1449-bb & 1449-ee, Tax L

S7332 (ACTIVE) - Summary

Authorizes towns in the Peconic Bay region to establish community housing funds to be funded by a supplemental real estate transfer tax; defines terms; outlines eligible expenses; establishes an advisory board in any town which has established a community housing fund to review and make recommendations regarding the town's community housing plan (view more) makes related provisions.

S7332 (ACTIVE) - Sponsor Memo

S7332 (ACTIVE) - Bill Text download pdf


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

    S. 7332                                                  A. 9082

                      S E N A T E - A S S E M B L Y

                            January 17, 2020
                               ___________

IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Local Govern-
  ment

IN  ASSEMBLY  -- Introduced by M. of A. THIELE, PALUMBO -- read once and
  referred to the Committee on Local Governments

AN ACT to amend the town law and the tax law, in relation to authorizing
  towns in the Peconic Bay region to establish community  housing  funds
  to be funded by a supplemental real estate transfer tax

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

  Section 1. Legislative findings.   The legislature hereby  finds  that
critical  to  the  future  of  the Peconic Bay region is the need for an
adequate supply of housing opportunities for all segments of the Peconic
Bay community.
  The adverse impact resulting from the lack of housing opportunities is
severe. Local employers  are  having  difficulty  hiring  and  retaining
employees  because  of  housing  costs and availability. Local volunteer
emergency services agencies are experiencing difficulty  in  recruitment
and  retention.  Long-time residents are forced to leave the area. Traf-
fic congestion is intensified by the importation  of  labor  from  areas
with lower housing costs.  Finally, the lack of housing opportunities is
resulting  in  residents  being  forced  to live in substandard, illegal
conditions.
  The unique demographics and economics in the Peconic Bay region and  a
lack of affordable dwelling units are contributing to this housing shor-
tage.  The combination of the Peconic Bay region's attractiveness, prox-
imity to the dense population of the New York metropolitan region and to
that region's extraordinary wealth, makes the Peconic Bay region a prime
location  for  seasonal  and  luxury  homes.  While  this combination of
extraordinary attractiveness, population density, and wealth has created
a strong local economy for the Peconic Bay region, it has resulted in  a
housing  crisis for local families. In the Peconic Bay region, more than
40% of all housing units are seasonal.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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