Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to housing |
Jan 27, 2011 |
referred to housing |
Assembly Bill A3738
2011-2012 Legislative Session
Sponsored By
CAMARA
Archive: Last Bill Status - In Assembly Committee
- 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
Actions
co-Sponsors
Nelson Castro
Annette Robinson
2011-A3738 (ACTIVE) - Details
2011-A3738 (ACTIVE) - Summary
Authorizes the investment of public retirement or pension funds in bonds issued by the New York state housing finance agency for the purpose of providing permanent affordable housing consisting of rehabilitated and newly constructed dwellings; provides for participation by minority and women-owned business enterprises in such construction; establishes the permanent affordable housing advisory board to administer the program.
2011-A3738 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3738 2011-2012 Regular Sessions I N A S S E M B L Y January 27, 2011 ___________ Introduced by M. of A. CAMARA, CASTRO, ROBINSON -- read once and referred to the Committee on Housing AN ACT to amend the private housing finance law and the retirement and social security law, in relation to authorizing the use of public retirement or pension funds for the purpose of establishing permanent affordable housing; and establishing a permanent affordable housing advisory board THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings and declarations. The legislature finds and determines that there continues to exist in the state a seri- ously inadequate supply of safe and sanitary dwelling accommodations for persons of low income. This condition is contrary to the public interest and threatens the health, safety, welfare, comfort and security of the people of the state. The legislature further finds and declares that many homeless families live in overcrowded and often dilapidated welfare hotels; that temporary housing is expensive and yet offers only minimal services; and that the state must continue to develop cost effective alternatives to temporary housing, ultimately permanent housing is the only real answer to the housing crisis. The legislature further finds and reveals that the ordinary operations of private enterprise cannot provide an adequate supply of safe and sanitary dwelling accommodations rentals which families and persons of low income can afford. The legislature therefore finds that the state should dedicate a portion of the New York state pension funds to create a sinking bond for the creation of permanent affordable housing for families and persons who are homeless, at risk of being homeless, and/or low income families and persons. To promote business in the state of New York, it shall be the intent of the legislature to encourage small busi- nesses to participate in the rehabilitation and construction of dwell- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04004-01-1
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