Assembly Bill A9114

2013-2014 Legislative Session

Initiates a four-year moratorium on the dissolution of any urban rental Mitchell-Lama company and establishes a Mitchell-Lama housing program study

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Archive: Last Bill Status - In Senate Committee Rules 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

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2013-A9114 (ACTIVE) - Details

Current Committee:
Senate Rules
Law Section:
Private Housing Finance Law
Laws Affected:
Add ยง35-a, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2015-2016: A3682
2017-2018: A5550
2019-2020: A5130
2021-2022: A3563
2023-2024: A4948

2013-A9114 (ACTIVE) - Summary

Initiates a four-year moratorium on the dissolution of any urban rental Mitchell-Lama company and establishes a Mitchell-Lama housing program study.

2013-A9114 (ACTIVE) - Bill Text download pdf

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

                                  9114

                          I N  A S S E M B L Y

                             March 17, 2014
                               ___________

Introduced by M. of A. WRIGHT -- read once and referred to the Committee
  on Housing

AN ACT to amend the private housing finance law, in relation to initiat-
  ing  a  four-year  moratorium  on  the dissolution of any urban rental
  Mitchell-Lama company, and in relation to establishing the implementa-
  tion of a Mitchell-Lama housing program study; and providing  for  the
  repeal of certain provisions upon expiration thereof

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

  Section 1. The private housing finance law is amended by adding a  new
section 35-a to read as follows:
  S 35-A. MORATORIUM ON VOLUNTARY DISSOLUTION. NOTWITHSTANDING ANY OTHER
PROVISION  OF  LAW,  ANY  URBAN  RENTAL COMPANY CREATED PURSUANT TO THIS
ARTICLE AND OTHERWISE  ELIGIBLE  TO  VOLUNTARILY  DISSOLVE  PURSUANT  TO
SECTION  THIRTY-FIVE  OF  THIS  ARTICLE  SHALL  BE  PROHIBITED FROM SUCH
DISSOLUTION.
  S 2. 1. Mitchell-Lama housing program study. New York State Homes  and
Community  Renewal, in consultation with the New York City Department of
Housing  Preservation,  shall  execute  a  study  on  the  preservation,
sustainability, reform, and growth of the Mitchell-Lama housing program,
including, but not limited to:
  a.  recommendations  for  the  expansion  of the Mitchell-Lama housing
program to address the affordable housing needs of  New  York's  growing
population;
  b.  taxation  and  financing models to encourage housing developers to
participate in the Mitchell-Lama housing program;
  c. adjusting the amount of time a company must  remain  in  the  Mitc-
hell-Lama housing program before it may voluntarily dissolve;
  d.  an  analysis  of  current family income criteria used to determine
access to low- and middle-income housing;
  e. a determination of geographic areas of the  state  to  best  locate
potential Mitchell-Lama housing;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14406-02-4

              

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