Senate Bill S6430

Signed By Governor
2009-2010 Legislative Session

Authorizes the N.Y. city housing authority to transfer or restructure the ownership of all or part of certain housing developments

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Sponsored By

Archive: Last Bill Status Via A9487 - Signed by Governor

  • 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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Bill Amendments

co-Sponsors

2009-S6430 - Details

Law Section:
Housing
Laws Affected:
Add §402-b, Pub Hous L

2009-S6430 - Summary

Authorizes the NYC housing authority to transfer or restructure the ownership of all or part of certain housing developments.

2009-S6430 - Sponsor Memo

2009-S6430 - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6430

                            I N  S E N A T E

                             January 7, 2010
                               ___________

Introduced  by Sen. SQUADRON -- read twice and ordered printed, and when
  printed to be committed to the Committee on Housing, Construction  and
  Community Development

AN  ACT  authorizing a certain housing authority to sell or lease all or
  part of certain housing developments

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Legislative findings and declaration. The legislature finds
and  declares  that  the  state  has  a  vital interest in the continued
viability of public housing. It is necessary to ensure that public hous-
ing continues to serve low-income individuals  and  families  who  would
otherwise face homelessness or be forced into unsafe or unsanitary hous-
ing.  Public  housing functions as a safety net for persons most in need
of safe, decent and affordable housing. The  legislature  further  finds
that  the  New  York  City  Housing Authority has made, and continues to
make, a concerted effort to provide public housing  to  individuals  and
families  in  need.  Certain projects owned by the New York City Housing
Authority have suffered deterioration over time, and the housing author-
ity does not have sufficient resources to address this deterioration. An
infusion of private capital is necessary to ensure the continued success
and long term viability of these projects.  This  legislature  therefore
finds and declares that enactment of this legislation would enable rede-
velopment  and rehabilitation of those certain projects owned by the New
York City  Housing  Authority,  and  the  continued  operation  of  said
projects for persons and families of low income.
  S  2.  Upon  approval  by  the  commissioner  of housing and community
renewal and the city council of the city of New York, the New York  City
Housing  Authority  is hereby authorized to sell or lease all or part of
the projects commonly known as Marlboro Houses, Chelsea  Houses,  Castle
Hill  Houses, 344 East 28th Street, Amsterdam Addition, Bushwick Houses,
Stephen Wise Towers, Arthur H. Murphy Houses, Baychester  Houses,  Jona-
than  Williams Plaza, Drew-Hamilton Houses, Independence Towers, Rutgers
Houses, Stapleton Houses and Manhattanville Houses, located in the  city
of  New York, counties of Bronx, Kings, New York and Richmond, upon such

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

co-Sponsors

2009-S6430A (ACTIVE) - Details

Law Section:
Housing
Laws Affected:
Add §402-b, Pub Hous L

2009-S6430A (ACTIVE) - Summary

Authorizes the NYC housing authority to transfer or restructure the ownership of all or part of certain housing developments.

2009-S6430A (ACTIVE) - Sponsor Memo

2009-S6430A (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 6430--A

                            I N  S E N A T E

                             January 7, 2010
                               ___________

Introduced by Sens. SQUADRON, HASSELL-THOMPSON, KLEIN, KRUEGER, MONTGOM-
  ERY,  STAVISKY  -- read twice and ordered printed, and when printed to
  be committed to the Committee on Housing, Construction  and  Community
  Development -- reported favorably from said committee and committed to
  the  Committee  on  Finance  --  committee  discharged,  bill amended,
  ordered reprinted as amended and recommitted to said committee

AN ACT to amend the public housing law, in relation to  authorizing  the
  New  York  city  housing  authority to enter into mixed-finance trans-
  actions in order to preserve the continued availability of  low-income
  housing to public housing residents of the city of New York

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The public housing law is amended by adding a  new  section
402-b to read as follows:
  S  402-B.  POWER OF AUTHORITY TO ENTER INTO MIXED-FINANCE TRANSACTIONS
TO CONTINUE VIABILITY OF PUBLIC HOUSING.  1.  LEGISLATIVE  FINDINGS  AND
DECLARATION.  THE  LEGISLATURE  FINDS  AND DECLARES THAT THE STATE HAS A
VITAL INTEREST IN THE CONTINUED  VIABILITY  OF  PUBLIC  HOUSING.  IT  IS
NECESSARY  TO  ENSURE  THAT PUBLIC HOUSING CONTINUES TO SERVE LOW-INCOME
INDIVIDUALS AND FAMILIES WHO WOULD OTHERWISE  FACE  HOMELESSNESS  OR  BE
FORCED  INTO UNSAFE OR UNSANITARY HOUSING. PUBLIC HOUSING FUNCTIONS AS A
SAFETY NET FOR PERSONS MOST IN NEED OF SAFE, DECENT AND AFFORDABLE HOUS-
ING. THE LEGISLATURE FURTHER  FINDS  THAT  THE  NEW  YORK  CITY  HOUSING
AUTHORITY HAS MADE, AND CONTINUES TO MAKE, A CONCERTED EFFORT TO PROVIDE
PUBLIC  HOUSING  TO  INDIVIDUALS  AND FAMILIES IN NEED. CERTAIN PROJECTS
OWNED BY THE NEW YORK CITY HOUSING AUTHORITY HAVE SUFFERED DETERIORATION
OVER TIME, AND THE HOUSING AUTHORITY DOES NOT HAVE SUFFICIENT  RESOURCES
TO  ADDRESS THIS DETERIORATION. AN INFUSION OF PRIVATE CAPITAL IS NECES-
SARY TO ENSURE THE CONTINUED SUCCESS AND LONG TERM  VIABILITY  OF  THESE
PROJECTS.    THE  LEGISLATURE FURTHER FINDS THAT BRINGING STATE FINANCED
PUBLIC HOUSING OPERATED BY THE NEW YORK CITY  HOUSING  AUTHORITY  WITHIN
THE  PUBLIC  HOUSING  SUBSIDIZED BY THE FEDERAL GOVERNMENT, BY UTILIZING
THE FEDERAL AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009,  WILL  ALLOW
THE  NEW  YORK CITY HOUSING AUTHORITY TO ENTER INTO MIXED FINANCE TRANS-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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