|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Mar 01, 2021||referred to housing, construction and community development|
senate Bill S5257
Current Bill Status - In Senate Committee Housing, Construction And Community Development Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S5257 (ACTIVE) - Details
- See Assembly Version of this Bill:
- Current Committee:
- Senate Housing, Construction And Community Development
- Law Section:
- Private Housing Finance Law
- Laws Affected:
- Add Art 31 §§1280 - 1282, Priv Hous Fin L; add §99-ii, St Fin L
S5257 (ACTIVE) - Summary
Enacts the "Housing Our Neighbors with Dignity act" in order to provide a mechanism for the state to purchase, acquire and hold distressed commercial real estate and other commercial properties for the purpose of maintaining or increasing affordable housing in cities with a population of one million or more.
S5257 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5257 SPONSOR: GIANARIS TITLE OF BILL: An act to amend the private housing finance law and the state finance law, in relation to enacting the "housing our neighbors with dignity act" PURPOSE: To provide affordable permanent housing that meets standards established to ensure safety, habitability, quality, and access to supportive services as appropriate, for low-income households and people experienc- ing homeless through the state's purchase and conversion of distressed hotels and commercial properties in cities with a population of one million or more. SUMMARY OF PROVISIONS: Section one titles the act.
S5257 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5257 2021-2022 Regular Sessions I N S E N A T E March 1, 2021 ___________ Introduced by Sen. GIANARIS -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to amend the private housing finance law and the state finance law, in relation to enacting the "housing our neighbors with dignity act" THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known and may be cited as the "housing our neighbors with dignity act". § 2. The private housing finance law is amended by adding a new arti- cle 31 to read as follows: ARTICLE XXXI HOUSING OUR NEIGHBORS WITH DIGNITY PROGRAM SECTION 1280. LEGISLATIVE FINDINGS AND PURPOSE. 1281. DEFINITIONS. 1282. HOUSING OUR NEIGHBORS WITH DIGNITY PROGRAM. § 1280. LEGISLATIVE FINDINGS AND PURPOSE. THE STATE OF NEW YORK, THROUGH THE DIVISION OF HOUSING AND COMMUNITY RENEWAL, IS EMPOWERED TO PURCHASE AND CONVERT DISTRESSED HOTELS AND COMMERCIAL PROPERTIES, IN CITIES WITH A POPULATION OF ONE MILLION OR MORE, FOR USE AS AFFORDABLE PERMANENT HOUSING THAT MEETS STANDARDS ESTABLISHED TO ENSURE SAFETY, HABITABILITY, QUALITY, AND ACCESS TO SUPPORTIVE SERVICES AS APPROPRIATE, TO BE MADE AVAILABLE TO LOW-INCOME HOUSEHOLDS AND PEOPLE EXPERIENCING HOMELESSNESS IMMEDIATELY PRIOR TO ENTERING SUCH HOUSING. THESE PROPER- TIES WILL BE MANAGED BY APPROPRIATE NONPROFIT ORGANIZATIONS, EITHER THROUGH TRANSFER OF OWNERSHIP OR LONG-TERM NET LEASE BY THE NEW YORK GOVERNMENTAL ENTITY THAT ACQUIRED THE PROPERTY. THE ACQUIRED PROPERTIES MAY BE CONVERTED INTO HOUSING MODELS AS DEEMED NECESSARY BY THE STATE OR APPROPRIATE NONPROFIT AUTHORITY FOR THE PURPOSES OF CREATING SUPPORTIVE AND/OR AFFORDABLE HOUSING UNITS; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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