senate Bill S6492

Signed By Governor
2021-2022 Legislative Session

Enacts the "Peconic Bay region community housing act"

download bill text pdf

Sponsored By

Current Bill Status Via A2633 - Signed by Governor

  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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view actions (10)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Oct 08, 2021 signed chap.445
Sep 28, 2021 delivered to governor
Jun 10, 2021 returned to assembly
passed senate
3rd reading cal.1747
substituted for s6492
Jun 10, 2021 substituted by a2633
ordered to third reading cal.1747
committee discharged and committed to rules
May 03, 2021 referred to local government

S6492 (ACTIVE) - Details

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

S6492 (ACTIVE) - Summary

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

S6492 (ACTIVE) - Sponsor Memo

S6492 (ACTIVE) - Bill Text download pdf

                     S T A T E   O F   N E W   Y O R K
                        2021-2022 Regular Sessions
                             I N  S E N A T E
                                May 3, 2021
 Introduced  by  Sen. PALUMBO -- read twice and ordered printed, and when
   printed to be committed to the Committee on Local Government
 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

   Section 1. Legislative findings. The legislature hereby finds that  an
 adequate supply of housing opportunities for all segments of the Peconic
 Bay community is critical to the future of the Peconic Bay region.
   The adverse impact resulting from the lack of housing opportunities is
 severe.  Local  employers have difficulty hiring and retaining employees
 because of housing costs and  availability.  Local  volunteer  emergency
 services  agencies  experience  difficulty in recruitment and retention.
 Long-time residents are forced to leave the area.  Traffic congestion is
 intensified by the importation of labor from areas  with  lower  housing
 costs.  Finally, the lack of housing opportunities is resulting in resi-
 dents 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.  The demand for  seasonal  homes  has
 driven  up  housing costs for local families. In the Peconic Bay region,
 more than 40% of all housing units are seasonal.
   The unique demographics and economics in the Peconic Bay  region  that
 have  historically  contributed  to  the housing shortage have only been
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.


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