assembly Bill A3669A

2021-2022 Legislative Session

Relates to affordable housing in N.Y. city

download bill text pdf

Sponsored By

Current Bill Status - In Assembly 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 (6)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 01, 2022 reported referred to rules
May 28, 2022 print number 3669a
May 28, 2022 amend (t) and recommit to ways and means
May 26, 2022 reference changed to ways and means
Jan 05, 2022 referred to housing
Jan 28, 2021 referred to housing

Co-Sponsors

A3669 - Details

Current Committee:
Assembly Rules
Law Section:
General Municipal Law
Laws Affected:
Amd §696-a, add §696-e, Gen Muni L; amd §11.00, Loc Fin L; rpld §471 subs 6 & 9, amd Priv Hous Fin L, generally
Versions Introduced in 2019-2020 Legislative Session:
A8436

A3669 - Summary

Relates to the modernization of affordable housing financing authorities.

A3669 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3669
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 28, 2021
                                ___________
 
 Introduced  by  M.  of  A.  CYMBROWITZ  -- read once and referred to the
   Committee on Housing
 
 AN ACT to amend the private housing finance law and  the  local  finance
   law,  in  relation to affordable housing in cities having a population
   of one million or more
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. The private housing finance law is amended by adding a new
 article 31 to read as follows:
                               ARTICLE XXXI
                        AFFORDABILITY PLUS PROGRAM
 SECTION 1280. SHORT TITLE.
         1281. STATEMENT OF LEGISLATIVE FINDINGS AND PURPOSE.
         1282. DEFINITIONS.
         1283. LOANS AND GRANTS.
         1284. RENTS.
         1285. RULES; ENFORCEMENT.
         1286. SEVERABILITY.
         1287. REPORTING.
   § 1280. SHORT TITLE. THIS ARTICLE SHALL BE KNOWN AND MAY BE  CITED  AS
 THE "AFFORDABILITY  PLUS PROGRAM".
   § 1281. STATEMENT OF LEGISLATIVE FINDINGS AND PURPOSE. THE LEGISLATURE
 HEREBY  FINDS  AND DECLARES THAT THERE IS, IN CITIES HAVING A POPULATION
 OF ONE MILLION OR MORE, A SERIOUSLY INADEQUATE SUPPLY OF SAFE AND  SANI-
 TARY  HOUSING  ACCOMMODATIONS WITHIN THE FINANCIAL REACH OF FAMILIES AND
 PERSONS OF LOW INCOME. THIS CONDITION IS CONTRARY TO THE PUBLIC INTEREST
 AND THREATENS THE HEALTH, SAFETY, WELFARE, COMFORT AND SECURITY  OF  THE
 PEOPLE  OF  SUCH CITIES. THE LEGISLATURE FURTHER FINDS AND DECLARES THAT
 THE ORDINARY OPERATIONS OF PRIVATE ENTERPRISE CANNOT PROVIDE AN ADEQUATE
 SUPPLY OF SAFE AND SANITARY HOUSING ACCOMMODATIONS AT  RENTAL  AND  SALE
 PRICES  THAT  FAMILIES  AND  PERSONS OF LOW INCOME CAN AFFORD. IT IS THE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

Co-Sponsors

A3669A (ACTIVE) - Details

Current Committee:
Assembly Rules
Law Section:
General Municipal Law
Laws Affected:
Amd §696-a, add §696-e, Gen Muni L; amd §11.00, Loc Fin L; rpld §471 subs 6 & 9, amd Priv Hous Fin L, generally
Versions Introduced in 2019-2020 Legislative Session:
A8436

A3669A (ACTIVE) - Summary

Relates to the modernization of affordable housing financing authorities.

A3669A (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  3669--A
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 28, 2021
                                ___________
 
 Introduced  by M. of A. CYMBROWITZ, EPSTEIN -- read once and referred to
   the Committee on Housing -- reported and referred to the Committee  on
   Ways   and  Means  --  committee  discharged,  bill  amended,  ordered
   reprinted as amended and recommitted to said committee
 
 AN ACT to amend the general municipal law, the local  finance  law,  and
   the  private  housing finance law, in relation to the modernization of
   affordable  housing  financing  authorities;  and  to  repeal  certain
   provisions of the private housing finance law relating thereto
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1.  Paragraphs a, c and g of subdivision 1 of section 696-a of
 the general municipal law, as amended by chapter  320  of  the  laws  of
 1999, are amended to read as follows:
   a.  Notwithstanding  the  provisions  of any general, special or local
 law, an agency is hereby authorized to make or contract to  make  grants
 or  loans to the owner of any property that is part of an urban develop-
 ment action area project for the purpose of  (i)  rehabilitation  of  an
 existing  private or multiple dwelling, (ii) providing site improvements
 WITHIN THE URBAN DEVELOPMENT ACTION AREA IN WHICH THE URBAN  DEVELOPMENT
 ACTION AREA PROJECT IS LOCATED, including, but not limited to, water and
 sewer  facilities, sidewalks, landscaping, PARKS AND OPEN SPACE, SOCIAL,
 RECREATIONAL, COMMUNAL AND  OTHER  NON-RESIDENTIAL  FACILITIES  AND  THE
 OUTFITTING  THEREOF,  the  curing  of  problems  caused by abnormal site
 conditions, excavation and construction of footings and foundations  and
 other  improvements  associated with the provision of infrastructure, or
 (iii) providing for other costs of construction for the  development  of
 private and multiple dwelling housing accommodations.
   c. Any loan made in accordance with this section shall be secured by a
 note  and  mortgage  upon the property, OR ANY PORTION OF SUCH PROPERTY,
 improved or, in the case of a condominium, a note and mortgage upon each
 of the housing accommodations aided by such loan, or in the  case  of  a
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06664-09-2