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Assembly Bill A2187

2025-2026 Legislative Session

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

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Current Bill Status - In Assembly Committee

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2025-A2187 (ACTIVE) - Details

See Senate Version of this Bill:
S6761
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
2023-2024: A3342, S4960

2025-A2187 (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.

2025-A2187 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2187
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 15, 2025
                                ___________
 
 Introduced by M. of A. CUNNINGHAM, ZINERMAN -- read once and referred to
   the Committee on Housing
 
 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.
   ยง 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01963-01-5

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