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Assembly Bill A7380B

2025-2026 Legislative Session

Sets standards for advertising affordable housing

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Bill Amendments

2025-A7380 - Details

See Senate Version of this Bill:
S5226
Current Committee:
Assembly Housing
Law Section:
General Business Law
Laws Affected:
Add §350-a-1, Gen Bus L

2025-A7380 - Summary

Sets standards for advertising deeply affordable housing.

2025-A7380 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7380
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 25, 2025
                                ___________
 
 Introduced  by  M.  of  A.  CUNNINGHAM  -- read once and referred to the
   Committee on Housing
 
 AN ACT to amend the general business law, in relation to setting  stand-
   ards for advertising affordable housing
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The general business law is amended by adding a new section
 350-a-1 to read as follows:
   § 350-A-1. STANDARDS FOR ADVERTISING  AFFORDABLE  HOUSING.  1.  (A)  A
 HOUSING  UNIT MAY ONLY BE ADVERTISED AS "AFFORDABLE" IF IT IS AFFORDABLE
 TO A HOUSEHOLD MAKING SIXTY PERCENT OR LESS OF THE AREA  MEDIAN  INCOME,
 AS DEFINED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOP-
 MENT.
   (B) A HOUSING UNIT MAY ONLY BE ADVERTISED AS "DEEPLY AFFORDABLE" IF IT
 IS  AFFORDABLE  TO  A HOUSEHOLD MAKING FORTY PERCENT OR LESS OF THE AREA
 MEDIAN INCOME, AS DEFINED BY THE UNITED STATES DEPARTMENT OF HOUSING AND
 URBAN DEVELOPMENT.
   2. (A) DESCRIBING A HOUSING UNIT THAT DOES  NOT  MEET  THE  APPLICABLE
 CRITERIA  OF  SUBDIVISION  ONE  OF  THIS SECTION AS AFFORDABLE OR DEEPLY
 AFFORDABLE IN ANY PHYSICAL OR DIGITAL PROMOTIONAL MATERIAL CREATED BY  A
 PERSON OR ENTITY WITH A FINANCIAL INTEREST IN SUCH HOUSING UNIT SHALL BE
 CONSIDERED  FALSE  ADVERTISING FOR THE PURPOSES OF SECTION THREE HUNDRED
 FIFTY OF THIS ARTICLE.
   (B) IN CASES WHERE A PERSON OR ENTITY IS ADVERTISING HOUSING UNITS  IN
 A  BUILDING OR HOUSING DEVELOPMENT THAT ARE MARKET RATE ALONG WITH UNITS
 WHICH MEET THE APPLICABLE DEFINITION OF AFFORDABLE OR DEEPLY AFFORDABLE,
 SUCH ADVERTISEMENT SHALL CLEARLY STATE  EITHER  (I)  THE  PERCENTAGE  OF
 UNITS  IN  SUCH BUILDING OR HOUSING DEVELOPMENT THAT MEET THE APPLICABLE
 DEFINITIONS OF THIS SECTION OR (II) THE NUMBER OF UNITS  THAT  MEET  THE
 APPLICABLE  DEFINITION OF AFFORDABLE OR DEEPLY AFFORDABLE AND THE NUMBER
 OF UNITS THAT ARE MARKET-RATE.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05091-01-5

co-Sponsors

2025-A7380A - Details

See Senate Version of this Bill:
S5226
Current Committee:
Assembly Housing
Law Section:
General Business Law
Laws Affected:
Add §350-a-1, Gen Bus L

2025-A7380A - Summary

Sets standards for advertising deeply affordable housing.

2025-A7380A - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7380--A
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 25, 2025
                                ___________
 
 Introduced  by  M.  of  A.  CUNNINGHAM  -- read once and referred to the
   Committee on Housing -- committee discharged,  bill  amended,  ordered
   reprinted as amended and recommitted to said committee
 
 AN  ACT to amend the general business law, in relation to setting stand-
   ards for advertising deeply affordable housing

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The general business law is amended by adding a new section
 350-a-1 to read as follows:
   §  350-A-1.  STANDARDS FOR ADVERTISING DEEPLY AFFORDABLE HOUSING. 1. A
 HOUSING UNIT MAY ONLY BE ADVERTISED AS  "DEEPLY  AFFORDABLE"  IF  IT  IS
 AFFORDABLE TO A HOUSEHOLD MAKING SIXTY PERCENT OR LESS OF THE AREA MEDI-
 AN  INCOME,  AS  DEFINED  BY THE UNITED STATES DEPARTMENT OF HOUSING AND
 URBAN DEVELOPMENT.
   2. (A) DESCRIBING A HOUSING UNIT THAT DOES  NOT  MEET  THE  APPLICABLE
 CRITERIA  OF SUBDIVISION ONE OF THIS SECTION AS DEEPLY AFFORDABLE IN ANY
 PHYSICAL OR DIGITAL PROMOTIONAL MATERIAL CREATED BY A PERSON  OR  ENTITY
 WITH A FINANCIAL INTEREST IN SUCH HOUSING UNIT SHALL BE CONSIDERED FALSE
 ADVERTISING  FOR  THE  PURPOSES  OF  SECTION THREE HUNDRED FIFTY OF THIS
 ARTICLE.
   (B) IN CASES WHERE A PERSON OR ENTITY IS ADVERTISING HOUSING UNITS  IN
 A  BUILDING OR HOUSING DEVELOPMENT THAT ARE MARKET RATE ALONG WITH UNITS
 WHICH MEET THE DEFINITION OF DEEPLY AFFORDABLE, SUCH ADVERTISEMENT SHALL
 CLEARLY STATE EITHER (I) THE PERCENTAGE OF UNITS  IN  SUCH  BUILDING  OR
 HOUSING  DEVELOPMENT  THAT  MEET  THE DEFINITION OF DEEPLY AFFORDABLE OR
 (II) THE NUMBER OF UNITS THAT MEET THE DEFINITION OF  DEEPLY  AFFORDABLE
 AND THE NUMBER OF UNITS THAT ARE MARKET-RATE.
   3. WHEN A MUNICIPAL GOVERNMENT OR THE STATE PROVIDE INFORMATION TO THE
 PUBLIC  ABOUT  AVAILABLE  DEEPLY  AFFORDABLE  HOUSING  UNITS, THEY SHALL
 ADHERE TO THE DEFINITION AND ADVERTISING RULES ESTABLISHED  PURSUANT  TO
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05091-03-5
 A. 7380--A                          2

co-Sponsors

2025-A7380B (ACTIVE) - Details

See Senate Version of this Bill:
S5226
Current Committee:
Assembly Housing
Law Section:
General Business Law
Laws Affected:
Add §350-a-1, Gen Bus L

2025-A7380B (ACTIVE) - Summary

Sets standards for advertising deeply affordable housing.

2025-A7380B (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7380--B
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 25, 2025
                                ___________
 
 Introduced  by M. of A. CUNNINGHAM, DINOWITZ, LEVENBERG -- read once and
   referred to the Committee on Housing  --  committee  discharged,  bill
   amended,  ordered reprinted as amended and recommitted to said commit-
   tee --  committee  discharged,  bill  amended,  ordered  reprinted  as
   amended and recommitted to said committee

 AN  ACT to amend the general business law, in relation to setting stand-
   ards for advertising deeply affordable housing
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The general business law is amended by adding a new section
 350-a-1 to read as follows:
   §  350-A-1.  STANDARDS FOR ADVERTISING DEEPLY AFFORDABLE HOUSING. 1. A
 HOUSING UNIT MAY ONLY BE ADVERTISED AS  "DEEPLY  AFFORDABLE"  IF  IT  IS
 AFFORDABLE TO A VERY LOW INCOME FAMILY, AS DEFINED BY 24 CFR 5.603.
   2.  (A)  DESCRIBING  A  HOUSING UNIT THAT DOES NOT MEET THE APPLICABLE
 CRITERIA OF SUBDIVISION ONE OF THIS SECTION AS DEEPLY AFFORDABLE IN  ANY
 PHYSICAL  OR  DIGITAL PROMOTIONAL MATERIAL CREATED BY A PERSON OR ENTITY
 WITH A FINANCIAL INTEREST IN SUCH HOUSING UNIT SHALL BE CONSIDERED FALSE
 ADVERTISING FOR THE PURPOSES OF SECTION  THREE  HUNDRED  FIFTY  OF  THIS
 ARTICLE.
   (B)  IN CASES WHERE A PERSON OR ENTITY IS ADVERTISING HOUSING UNITS IN
 A BUILDING OR HOUSING DEVELOPMENT THAT ARE MARKET RATE ALONG WITH  UNITS
 WHICH MEET THE DEFINITION OF DEEPLY AFFORDABLE, SUCH ADVERTISEMENT SHALL
 CLEARLY  STATE  EITHER  (I)  THE PERCENTAGE OF UNITS IN SUCH BUILDING OR
 HOUSING DEVELOPMENT THAT MEET THE DEFINITION  OF  DEEPLY  AFFORDABLE  OR
 (II)  THE  NUMBER OF UNITS THAT MEET THE DEFINITION OF DEEPLY AFFORDABLE
 AND THE NUMBER OF UNITS THAT ARE MARKET-RATE.
   3. WHEN A MUNICIPAL GOVERNMENT OR THE STATE PROVIDE INFORMATION TO THE
 PUBLIC ABOUT AVAILABLE  DEEPLY  AFFORDABLE  HOUSING  UNITS,  THEY  SHALL
 ADHERE  TO  THE DEFINITION AND ADVERTISING RULES ESTABLISHED PURSUANT TO
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05091-05-6
 A. 7380--B                          2

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