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Assembly Bill A3342A

2023-2024 Legislative Session

Provides for calculating the area median income for affordable housing programs in N.Y. city

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

2023-A3342 - Details

See Senate Version of this Bill:
S4960
Current Committee:
Assembly Housing
Law Section:
New York City
Versions Introduced in Other Legislative Sessions:
2017-2018: S4455
2019-2020: A6568, S1691
2021-2022: A7145, S2621
2025-2026: A2187, S6761

2023-A3342 - Summary

Establishes that area median income shall be calculated either per each zip code or per region in the city of New York, whichever is lower.

2023-A3342 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3342
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 2, 2023
                                ___________
 
 Introduced  by  M.  of  A.  CUNNINGHAM  -- read once and referred to the
   Committee on Housing
 
 AN ACT to require all affordable housing programs in  a  city  having  a
   population  over one million to calculate the area median income based
   on the zip code in which the project will be located

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Notwithstanding any law, rule or regulation to the contra-
 ry, within cities having a  population  of  one  million  or  more,  any
 affordable  housing  program  initiated after the effective date of this
 act shall use an area median income proportional  to  the  zip  code  in
 which the program is located.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07357-01-3

co-Sponsors

2023-A3342A (ACTIVE) - Details

See Senate Version of this Bill:
S4960
Current Committee:
Assembly Housing
Law Section:
New York City
Versions Introduced in Other Legislative Sessions:
2017-2018: S4455
2019-2020: A6568, S1691
2021-2022: A7145, S2621
2025-2026: A2187, S6761

2023-A3342A (ACTIVE) - Summary

Establishes that area median income shall be calculated either per each zip code or per region in the city of New York, whichever is lower.

2023-A3342A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  3342--A
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 2, 2023
                                ___________
 
 Introduced  by  M.  of  A.  CUNNINGHAM  -- read once and referred to the
   Committee on Housing -- recommitted to the  Committee  on  Housing  in
   accordance  with Assembly Rule 3, sec. 2 -- committee discharged, bill
   amended, ordered reprinted as amended and recommitted to said  commit-
   tee

 AN  ACT to require certain calculations of area median income to be used
   by all affordable housing programs in a city 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. Notwithstanding any law, rule or regulation to the  contra-
 ry,  within  cities  having  a  population  of  one million or more, any
 affordable housing program initiated after the effective  date  of  this
 act  shall  use  the lower of the area median income proportional to the
 zip code in which the program is located or  the  regional  area  median
 income in which the program is located.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07357-03-4

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