Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2014 |
referred to housing |
Jan 23, 2013 |
referred to housing |
Assembly Bill A3020
2013-2014 Legislative Session
Sponsored By
O'DONNELL
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
Deborah Glick
Alec Brook-Krasny
multi-Sponsors
Richard Gottfried
2013-A3020 (ACTIVE) - Details
2013-A3020 (ACTIVE) - Summary
Provides that revenues from buyouts of Mitchell-Lama projects, whether state-aided or municipally-aided, must be used for affordable housing purposes by the state or the municipality; creates a special state fund, the Mitchell-Lama buyout affordable housing fund; provides that such fund's revenues may only be used for housing projects meeting Mitchell-Lama eligibility criteria.
2013-A3020 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3020 2013-2014 Regular Sessions I N A S S E M B L Y January 23, 2013 ___________ Introduced by M. of A. O'DONNELL, GLICK, BROOK-KRASNY -- Multi-Sponsored by -- M. of A. GOTTFRIED -- read once and referred to the Committee on Housing AN ACT to amend the private housing finance law and the state finance law, in relation to dedicating Mitchell-Lama buyout revenues to affordable housing THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Legislative findings and intent. Mitchell-Lama housing was built in the 1950's as a response to the housing crisis after World War II. This housing created new vibrant communities that attracted busi- nesses, schools, day care centers and stimulated economic activity that has allowed New York city to thrive. Without programs like Mitchell- Lama, New York City would only be inhabitable for the very rich or the very poor. Mitchell-Lama housing allows people of all economic means to live together in decent, affordable housing. This community is being threatened by the specter of buy-outs. Applying buy-out revenues to provide more affordable housing will preserve and promote the well being of our state's communities. S 2. The private housing finance law is amended by adding a new section 36-b to read as follows: S 36-B. BUYOUT REVENUES TO BE DEDICATED TO AFFORDABLE HOUSING. NOTWITHSTANDING ANY INCONSISTENT PROVISION OF LAW, ANY REVENUES DERIVED BY THE STATE FROM A BUYOUT OF A STATE-AIDED PROJECT SHALL BE DEPOSITED TO THE CREDIT OF THE MITCHELL-LAMA BUYOUT AFFORDABLE HOUSING FUND ESTAB- LISHED PURSUANT TO SECTION NINETY-TWO-GG OF THE STATE FINANCE LAW AND USED FOR THE PURPOSES OF PROVIDING AFFORDABLE HOUSING TO PROJECTS AND PERSONS THAT MEET THE ELIGIBILITY CRITERIA PROVIDED FOR IN THIS ARTICLE AND NO OTHER. ANY REVENUES DERIVED BY A MUNICIPALITY FROM THE BUYOUT OF A MUNICIPALLY-AIDED PROJECT SHALL BE DEPOSITED TO A SPECIAL MUNICIPAL EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01578-01-3
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