Assembly Bill A1912

2023-2024 Legislative Session

Authorizes labor unions to work with the city of New York to finance the construction of affordable housing for its members

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee

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

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2023-A1912 (ACTIVE) - Details

See Senate Version of this Bill:
S6850
Current Committee:
Assembly Housing
Law Section:
Private Housing Finance Law
Laws Affected:
Add §1154, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2013-2014: S7571
2015-2016: A6812, S2766
2017-2018: A817, S2194
2019-2020: A3410, S5020
2021-2022: A6935, S5428

2023-A1912 (ACTIVE) - Summary

Authorizes labor unions to work with the city of New York to finance the construction of affordable housing for its members.

2023-A1912 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1912
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 23, 2023
                                ___________
 
 Introduced  by  M.  of A. BICHOTTE HERMELYN, JOYNER, TAYLOR -- read once
   and referred to the Committee on Housing
 
 AN ACT to amend the private housing finance law, in  relation  to  labor
   union financed housing
 
   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
 section 1154 to read as follows:
   §  1154.  PARTNERSHIP WITH LABOR UNIONS.  1. NOTWITHSTANDING ANY OTHER
 PROVISION OF LAW TO THE CONTRARY, THE CITY OF NEW YORK MAY ENTER INTO  A
 COOPERATIVE PARTNERSHIP WITH ANY COLLECTIVE BARGAINING UNIT THAT REPRES-
 ENTS  EMPLOYEES  OF  SUCH CITY TO FINANCE THE CONSTRUCTION OF AFFORDABLE
 HOUSING FOR THE MEMBERS OF SUCH COLLECTIVE BARGAINING UNIT.
   2. ANY FINANCING FOR THE CONSTRUCTION OF AFFORDABLE  HOUSING  PURSUANT
 TO  THIS SECTION SHALL CONSIST OF UNITS THAT ARE EXCLUSIVELY OCCUPIED BY
 EMPLOYEES OF THE CITY OF NEW YORK. FOR PURPOSES OF THIS  SUBDIVISION,  A
 UNIT SHALL BE DEEMED OCCUPIED BY AN EMPLOYEE OF THE CITY IF AT LEAST ONE
 PERSON  RESIDING  IN SUCH UNIT IS AN EMPLOYEE OF THE CITY, SUCH EMPLOYEE
 ACTUALLY RESIDES IN THE UNIT FOR MORE THAN FIFTY PERCENT  OF  THE  YEAR,
 AND THE COMBINED INCOME OF ALL MEMBERS RESIDING IN THE UNIT IS LESS THAN
 ONE HUNDRED TWENTY-FIVE PERCENT OF THE AREA MEDIAN INCOME.
   3.  A  LEASE  OR RENTAL AGREEMENT OF ANY UNIT CREATED PURSUANT TO THIS
 SECTION SHALL NOT BE EXTENDED OR RENEWED TO ANY PERSON IF  THE  CRITERIA
 ESTABLISHED IN SUBDIVISION TWO OF THIS SECTION ARE NO LONGER SATISFIED.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03361-01-3

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