|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 17, 2020||referred to local government|
senate Bill S7332
Current Bill Status - In Senate Committee Local Government Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S7332 (ACTIVE) - Details
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
BILL NUMBER: S7332 SPONSOR: LAVALLE TITLE OF BILL: 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 PURPOSE OR GENERAL IDEA OF BILL: Authorizing towns in the Peconic Bay region to establish a community housing funds to be funded by a supplemental real estate transfer tax SUMMARY OF SPECIFIC PROVISIONS: Section 1. Legislative Findings Section 2. Cites the Peconic Bay Region Community Housing Act Section 3. Amends the Town Law by adding a new Section 64-k relating to
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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