Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 15, 2014 |
referred to housing, construction and community development |
Senate Bill S7571
2013-2014 Legislative Session
Sponsored By
(D, WF) 21st Senate District
Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development 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
2013-S7571 (ACTIVE) - Details
2013-S7571 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7571 TITLE OF BILL: An act to amend the private housing finance law, in relation to labor union financed housing PURPOSE: To provide for the creation of workforce housing for those working families unable to afford unsubsidized housing because of lack of sufficient income, and unable to qualify for affordable housing because their income exceeds New York City's adjusted median income (AMI). SUMMARY OF PROVISIONS: Section 1 amends the private housing finance law by adding a new section 1154 that provides New York City with the ability to finance workforce housing. Section 2 provides that the act shall take effect immediately. JUSTIFICATION: The newly elected Mayor of the City of New York has committed to the creation of 200,000 units of affordable housing to meet the needs of 46% of its population which can be currently be defined as living in
2013-S7571 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7571 I N S E N A T E May 15, 2014 ___________ Introduced by Sen. PARKER -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to amend the private housing finance law, in relation to labor union financed housing 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 1154 to read as follows: S 1154. PARTNERSHIP WITH LABOR UNIONS. 1. NOTWITHSTANDING ANY OTHER PROVISION OF LAW TO THE CONTRARY, THE CITY OF NEW YORK MAY ENTER INTO A COOPERATIVE PARTNERSHIP WITH ANY COLLECTIVE BARGAINING UNIT THAT REPRES- ENTS EMPLOYEES OF SUCH CITY TO FINANCE THE CONSTRUCTION OF AFFORDABLE HOUSING FOR THE MEMBERS OF SUCH COLLECTIVE BARGAINING UNIT. 2. ANY FINANCING FOR THE CONSTRUCTION OF AFFORDABLE HOUSING PURSUANT TO THIS SECTION SHALL CONSIST OF UNITS THAT ARE EXCLUSIVELY OCCUPIED BY EMPLOYEES OF THE CITY OF NEW YORK. FOR PURPOSES OF THIS SUBDIVISION, A UNIT SHALL BE DEEMED OCCUPIED BY AN EMPLOYEE OF THE CITY IF AT LEAST ONE PERSON RESIDING IN SUCH UNIT IS AN EMPLOYEE OF THE CITY, SUCH EMPLOYEE ACTUALLY RESIDES IN THE UNIT FOR MORE THAN FIFTY PERCENT OF THE YEAR, AND THE COMBINED INCOME OF ALL MEMBERS RESIDING IN THE UNIT IS LESS THAN ONE HUNDRED TWENTY-FIVE PERCENT OF THE AREA MEDIAN INCOME. 3. A LEASE OR RENTAL AGREEMENT OF ANY UNIT CREATED PURSUANT TO THIS SECTION SHALL NOT BE EXTENDED OR RENEWED TO ANY PERSON IF THE CRITERIA ESTABLISHED IN SUBDIVISION TWO OF THIS SECTION ARE NO LONGER SATISFIED. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15229-02-4
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