Assembly Bill A5438

Signed By Governor
2013-2014 Legislative Session

Relates to determining eligibility for admission to certain limited-profit housing company housing accommodations

download bill text pdf

Sponsored By

Archive: Last Bill Status - 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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2013-A5438 (ACTIVE) - Details

See Senate Version of this Bill:
S226
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §31, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: S8501
2011-2012: A6262, S524

2013-A5438 (ACTIVE) - Summary

Relates to determining eligibility for admission to certain limited-profit housing company housing accommodations.

2013-A5438 (ACTIVE) - Bill Text download pdf 

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

                                  5438

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            February 27, 2013
                               ___________

Introduced  by  M.  of  A.  SILVER,  WRIGHT,  MILLMAN,  FARRELL, GIBSON,
  SEPULVEDA, CYMBROWITZ, ENGLEBRIGHT, LAVINE, MARKEY, ROBERTS --  Multi-
  Sponsored  by  --  M. of A. QUART, RIVERA -- read once and referred to
  the Committee on Housing

AN ACT to amend the private housing finance law, in relation  to  deter-
  mining  eligibility  for  admission  to certain limited-profit housing
  company accommodations

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

  Section 1. Paragraph (e) of subdivision 2 of section 31 of the private
housing  finance  law,  as  added by chapter 729 of the laws of 1974, is
amended to read as follows:
  (e) Notwithstanding the provisions of this subdivision, families [with
two or more dependents] whose probable aggregate annual income does  not
exceed  one  hundred twenty-five percent of the limitations as to income
as determined pursuant to paragraphs (a) and (b)  of  this  subdivision,
shall also be eligible for admission to the dwelling or non-housekeeping
accommodations  without board of a project on the understanding that any
family becoming eligible for admission by reason hereof shall pay,  from
the time of admission, a rental surcharge as provided for in subdivision
three  of  this section, computed on the basis of the income limitations
applicable to such family in the absence of this subdivision. In  apply-
ing  the  provisions  of  subdivision  three OF THIS SECTION to a family
becoming  eligible  by  reason  of  this  section,  the  maximum  income
prescribed  by  law for admission or occupancy shall for all purposes be
computed without reference to this paragraph.
  S 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00273-01-3

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