senate Bill S580

2021-2022 Legislative Session

Authorizes study of housing programs for low and middle income families

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Housing, Construction And Community Development 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 06, 2021 referred to housing, construction and community development

S580 (ACTIVE) - Details

Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §§35, 96 & 123, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: S2171
2011-2012: S1309
2013-2014: S508
2015-2016: S3611
2017-2018: S802
2019-2020: S1126

S580 (ACTIVE) - Summary

Authorizes the state division of housing and community renewal to study housing programs for low and middle income families, and provides for a moratorium on the voluntary dissolution of limited profit, limited dividend and redevelopment housing companies.

S580 (ACTIVE) - Sponsor Memo

S580 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    580
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 6, 2021
                                ___________
 
 Introduced  by Sen. BENJAMIN -- read twice and ordered printed, and when
   printed to be committed to the Committee on Housing, Construction  and
   Community Development
 
 AN  ACT to direct the division of housing and community renewal to study
   state and locally aided housing programs and make recommendations  for
   the  preservation,  modernization  and  increase in the supply of such
   housing; to amend the private housing  finance  law,  in  relation  to
   providing a moratorium on the voluntary dissolution of limited profit,
   limited  dividend  and  redevelopment housing companies; and providing
   for the repeal of certain provisions upon expiration thereof
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Legislative intent.  New York state and its localities have
 invested  for more than a half century in the creation of low and middle
 income housing to benefit those most in need and to the general  benefit
 of state and local economies. In many cases such housing has fallen into
 disrepair  or  is  being  lost  as  affordable  housing due to statutory
 provisions allowing owners to dissolve housing companies. The unmet need
 for affordable housing is presently greater than  at  any  time  in  the
 state's  history. A temporary moratorium on the dissolution of any hous-
 ing company is necessary for  the  division  of  housing  and  community
 renewal to complete its work and make recommendations.
   §  2.  The division of housing and community renewal shall undertake a
 comprehensive study of the present status of state and locally aided low
 and middle income housing programs and make recommendations with respect
 to the preservation, modernization and expansion of the number of  hous-
 ing units provided by such programs. Such recommendations shall include,
 but  not  be limited to, methods that may be employed by state and local
 governments to retain and expand the existing  inventory  of  state  and
 locally  aided  low  and  middle  income  housing so as to preserve such
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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