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Senate Bill S6761

2025-2026 Legislative Session

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

download bill text pdf

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Current Bill Status - In Senate Committee Cities 1 Committee

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2025-S6761 (ACTIVE) - Details

See Assembly Version of this Bill:
A2187
Current Committee:
Senate Cities 1
Law Section:
New York City
Versions Introduced in Other Legislative Sessions:
2017-2018: S4455
2019-2020: S1691, A6568
2021-2022: S2621, A7145
2023-2024: S4960, A3342

2025-S6761 (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-S6761 (ACTIVE) - Sponsor Memo

2025-S6761 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6761
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                              March 24, 2025
                                ___________
 
 Introduced  by Sens. JACKSON, CLEARE, COMRIE, SANDERS, SEPULVEDA -- read
   twice and ordered printed, and when printed to  be  committed  to  the
   Committee on Cities 1
 
 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.
                                                            LBD01963-01-5

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