assembly Bill A2633

Signed By Governor
2021-2022 Legislative Session

Enacts the "Peconic Bay region community housing act"

download bill text pdf

Sponsored By

Current Bill Status - Signed by Governor


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

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Actions

view actions (15)
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
May 24, 2021 referred to local government
delivered to senate
passed assembly
ordered to third reading rules cal.85
rules report cal.85
reported
May 19, 2021 reported referred to rules
Feb 24, 2021 reported referred to ways and means
Jan 19, 2021 referred to local governments

A2633 (ACTIVE) - Details

See Senate Version of this Bill:
S6492
Law Section:
Town Law
Laws Affected:
Add §64-k, Town L; amd §§1449-bb & 1449-ee, Tax L

A2633 (ACTIVE) - Summary

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

A2633 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2633
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 19, 2021
                                ___________
 
 Introduced by M. of A. THIELE -- 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 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.