NY State Senate Bill 2015-S2766

Senate Bill S2766

2015-2016 Legislative Session

Authorizes labor unions to work with the city of New York to finance the construction of affordable housing for its members

download bill text pdf

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

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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 06, 2016	referred to housing, construction and community development
Jan 29, 2015	referred to housing, construction and community development

2015-S2766 (ACTIVE) - Details

See Assembly Version of this Bill:: A6812
Current Committee:: Senate Housing, Construction And Community Development
Law Section:: Private Housing Finance Law
Laws Affected:: Add §1154, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:: 2013-2014: S7571
2017-2018: S2194, A817
2019-2020: S5020, A3410
2021-2022: S5428, A6935
2023-2024: S6850, A1912

2015-S2766 (ACTIVE) - Summary

Authorizes labor unions to work with the city of New York to finance the construction of affordable housing for its members.

2015-S2766 (ACTIVE) - Sponsor Memo

                                BILL NUMBER:S2766

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
poverty.  This  bill  seeks  to expand the financing available to meet
those goals at a time when Federal subsidies have been reduced, higher
income households at 130 % and higher are competing for available safe
and sanitary  quality  housing,  wages  are  stagnant  for  unskilled,
semi-skilled  and entry level professionals and a contingent workforce
appears to be the employment paradigm for millenials.

The City is at a risk of  losing  an  essential  municipal  workforce,
despite  the  residency requirements, as well as the service providers
for the private sector due to the lack of affordable housing. Many  of
the  individuals  who have been marginalized with regard to affordable
housing are members of collective bargaining  unions.  Permitting  the
collective  bargaining organizations to become partners with municipal
State and private sector partners to finance  and  develop  affordable
housing targeted, in part to their membership and other workers in the
private sector would be both a union membership and public benefit.

LEGISLATIVE HISTORY:

2013-14:  S7571  -  referred  to  housing,  construction and community
development

FISCAL IMPLICATIONS:

TBD

EFFECTIVE DATE:

Immediately.

2015-S2766 (ACTIVE) - Bill Text download pdf

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

                                  2766

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 29, 2015
                               ___________

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.
                                                           LBD06885-01-5

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