Senate Bill S6518

2023-2024 Legislative Session

Establishes a New York Main Street development center in the division of housing and community renewal

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Sponsored By

Current Bill Status - In Senate Committee Finance 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-S6518 (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
Private Housing Finance Law
Laws Affected:
Add Art 32 §§1300 & 1301, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2013-2014: S5506
2015-2016: S2279
2017-2018: S3940
2019-2020: S955, S5170
2021-2022: S3132

2023-S6518 (ACTIVE) - Summary

Establishes a New York Main Street development center in the division of housing and community renewal.

2023-S6518 (ACTIVE) - Sponsor Memo

2023-S6518 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6518
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                              April 25, 2023
                                ___________
 
 Introduced  by  Sens.  HINCHEY,  KAVANAGH, HELMING, MANNION, MAY -- 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, in relation to estab-
   lishing a New York Main Street development center

   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 32 to read as follows:
                               ARTICLE XXXII
                           NEW YORK MAIN STREET
                            DEVELOPMENT CENTER
 SECTION 1300. LEGISLATIVE INTENT.
         1301. NEW YORK MAIN STREET DEVELOPMENT CENTER.
   § 1300. LEGISLATIVE INTENT. THE LEGISLATURE  HEREBY  FINDS  THAT  WITH
 AFFORDABLE  HOUSING  IN  INCREASINGLY  SHORT  SUPPLY,  THE NEW YORK MAIN
 STREET DEVELOPMENT CENTER WILL NOT ONLY BE THE  CATALYST  FOR  COMMUNITY
 RENEWAL, BUT ALSO ADDRESS THE CRITICAL NEED TO PROVIDE AFFORDABLE OPPOR-
 TUNITIES  ACROSS  THE  STATE.  MAIN STREETS AND DOWNTOWN BUILDINGS COULD
 SERVE AS THE PRIMARY LOCATION FOR NEW HOUSING  OPPORTUNITIES  THROUGHOUT
 THIS  STATE.  MAIN STREETS AND DOWNTOWN BUSINESS DISTRICTS, ARE UNIQUELY
 EQUIPPED TO SERVE THIS FUNCTION SINCE THESE  AREAS  BOAST  UNDERUTILIZED
 WATER  AND  SEWER INFRASTRUCTURE, ARE THE HUBS OF PUBLIC TRANSPORTATION,
 AND ARE THE CENTERS OF COMMERCE.
   § 1301. NEW YORK MAIN STREET DEVELOPMENT CENTER. THE DIVISION OF HOUS-
 ING AND COMMUNITY RENEWAL SHALL WORK IN COORDINATION WITH THE DEPARTMENT
 OF ECONOMIC DEVELOPMENT, THE DEPARTMENT  OF  STATE,  THE  DEPARTMENT  OF
 TRANSPORTATION, AND THE OFFICE OF PARKS, RECREATION AND HISTORIC PRESER-
 VATION  TO  ESTABLISH A "NEW YORK MAIN STREET DEVELOPMENT CENTER" WITHIN
 SUCH DIVISION. THE MAIN STREET DEVELOPMENT  CENTER  SHALL  HAVE  AS  ITS
 MISSION  THE  DISSEMINATION  OF  INFORMATION  RELATED  TO EXISTING STATE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10988-01-3
              

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