Assembly Actions -
Senate Actions - UPPERCASE
|Jan 03, 2024
referred to housing, construction and community development
|Nov 27, 2023
referred to rules
Senate Bill S7770
2023-2024 Legislative Session
Current Bill Status - In Senate Committee Housing, Construction And Community Development Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2023-S7770 (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 20-A §§1125 - 1127, Priv Hous Fin L; amd §2429-b, Pub Auth L
2023-S7770 (ACTIVE) - Summary
Establishes the manufactured home community preservation act to provide financial and technical assistance, within funds available to counties, municipalities, rural preservation companies, and other non-profit housing organizations for their housing preservation efforts; provides that funds in the mortgage insurance fund can be used to provide financial support to local governments and eligible non-profit housing organizations.
2023-S7770 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7770 SPONSOR: HINCHEY TITLE OF BILL: An act to amend the private housing finance law, in relation to estab- lishing the manufactured home community preservation act; and to amend the public authorities law, in relation to the distribution of funds in the mortgage insurance fund PURPOSE: To ensure that mobile and manufactured home communities remain a viable affordable housing option for rural communities in the state by purchas- ing development rights from owners and by providing funding to non-pro- fit organizations to purchase the mobile and manufactured home community and preserve its affordability through a covenant in the deed. SUMMARY OF PROVISIONS: Section one establishes the Manufactured Home Community Preservation Act, which creates a program to provide financial aid and technical
2023-S7770 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7770 2023-2024 Regular Sessions I N S E N A T E November 27, 2023 ___________ Introduced by Sen. HINCHEY -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the private housing finance law, in relation to estab- lishing the manufactured home community preservation act; and to amend the public authorities law, in relation to the distribution of funds in the mortgage insurance fund 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 20-A to read as follows: ARTICLE XX-A MANUFACTURED HOME COMMUNITY PRESERVATION ACT SECTION 1125. DEFINITIONS. 1126. STATE MOBILE AND MANUFACTURED HOME COMMUNITIES PRESERVA- TION PROGRAM. 1127. FINANCIAL SUPPORT TO ACQUIRE DEVELOPMENT RIGHTS OR PURCHASE MOBILE HOME AND MANUFACTURED HOME PARKS. § 1125. DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE: 1. "DEVELOPMENT RIGHTS" MEANS THE RIGHTS OF THE FEE SIMPLE OWNER TO DEVELOP, CONSTRUCT ON, DIVIDE, SELL, LEASE, OR OTHERWISE CHANGE THE PROPERTY FROM ITS CURRENT USE AS A MOBILE HOME OR MANUFACTURED HOME PARK, OR OTHER AFFORDABLE HOUSING OPTION AS PERMITTED BY THE LAND COVEN- ANT AT THE TIME OF SALE. DEVELOPMENT RIGHTS INCLUDE THE EXERCISE OF THE OWNER'S RIGHTS TO SELL OR GRANT EASEMENTS OR RIGHTS OF WAY, OR OTHER RIGHTS IF BY THAT EXERCISE THE USE OF THE LAND AS A MOBILE HOME OR MANU- FACTURED HOME PARK IS DIMINISHED; PROVIDED, HOWEVER, THAT THE TERM "DEVELOPMENT RIGHTS" SHALL NOT INCLUDE THE RIGHTS OF THE OWNER TO SELL, LEASE, OR OTHERWISE IMPROVE THE LAND TO PRESERVE, MAINTAIN, OPERATE, OR CONTINUE THE LAND AS A MOBILE HOME OR MANUFACTURED HOME PARK OR ALL OTHER CUSTOMARY RIGHTS AND PRIVILEGE OF OWNERSHIP, INCLUDING THE RIGHT TO PRIVACY. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11580-01-3
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