Assembly Bill A8792

Signed By Governor
2021-2022 Legislative Session

Relates to the housing our neighbors with dignity program

download bill text pdf

Sponsored By

Archive: Last Bill Status Via S7772 - 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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2021-A8792 (ACTIVE) - Details

See Senate Version of this Bill:
S7772
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §§1280, 1281 & 1282, Priv Hous Fin L (as proposed in S.5257C & A.6593B)

2021-A8792 (ACTIVE) - Summary

Makes technical corrections to the housing our neighbors with dignity program.

2021-A8792 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8792
 
                           I N  A S S E M B L Y
 
                             January 12, 2022
                                ___________
 
 Introduced  by M. of A. REYES -- read once and referred to the Committee
   on Housing
 
 AN ACT to amend the private housing finance  law,  in  relation  to  the
   housing our neighbors with dignity program
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 1280 of the private housing finance law,  as  added
 by  a  chapter  of the laws of 2021 amending the private housing finance
 law relating to enacting the "housing our neighbors with  dignity  act",
 as proposed in legislative bills numbers S.5257C and A.6593B, is amended
 to read as follows:
   §  1280.  Legislative  findings  and  purpose.  The state of New York,
 through the housing trust fund corporation, is empowered to finance  the
 purchase,  acquisition,  holding  or conversion of distressed hotels and
 commercial office properties for use  as  affordable  permanent  housing
 that  meets standards established to ensure safety, habitability, quali-
 ty, and access to supportive services as appropriate, to be made  avail-
 able to low-income households and people experiencing homelessness imme-
 diately prior to entering such housing. These properties shall be owned,
 operated  and managed by appropriate nonprofit organizations through the
 use of government agency funding,  PURSUANT  TO  SUCH  APPROPRIATION  TO
 SUPPORT THE CREATION OF AN ADAPTIVE REUSE AFFORDABLE HOUSING PROGRAM, to
 acquire AND/OR CONVERT the property.
   The acquired properties shall be converted into permanently affordable
 housing modeled as financially and operationally deemed necessary by the
 state or appropriate nonprofit organization for the purposes of creating
 supportive  or  permanently  affordable housing units; provided that the
 housing shall remain affordable as defined by the term affordable  hous-
 ing included in this article.
   §  2.  Subdivisions  2  and  3  of section 1281 of the private housing
 finance law, as added by a chapter of the  laws  of  2021  amending  the
 private housing finance law relating to enacting the "housing our neigh-
 bors with dignity act", as proposed in legislative bills numbers S.5257C
 and A.6593B, are amended to read as follows:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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