Assembly Bill A3728

2015-2016 Legislative Session

Relates to the aggregate annual income of low income persons or families eligible for accommodations in a company project

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Sponsored By

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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2015-A3728 (ACTIVE) - Details

Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Private Housing Finance Law
Laws Affected:
Amd ยง31, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2013-2014: A6569
2017-2018: A5560
2019-2020: A5350

2015-A3728 (ACTIVE) - Summary

Relates to the aggregate annual income of low income persons or families eligible for accommodations in a company project.

2015-A3728 (ACTIVE) - Bill Text download pdf

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

                                  3728

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 27, 2015
                               ___________

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 the
  aggregate annual income of low income persons or families eligible for
  accommodations in a company project

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

  Section 1. Paragraph (a) of subdivision 2 of section 31 of the private
housing  finance  law, as amended by chapter 260 of the laws of 1996, is
amended to read as follows:
  (a) The dwelling or non-housekeeping accommodations without board in a
company project shall be available for persons or families of low income
whose probable aggregate annual income at  the  time  of  admission  and
during  the  period of occupancy does not exceed, the greater of (i) the
median income for such persons or families for the metropolitan  statis-
tical  area  in which the project is located, or if a project is located
outside a metropolitan statistical area,  the  median  income  for  such
persons  or  families for the county in which the project is located, as
most recently determined by the United States department of housing  and
urban  development, in which case any person or family becoming eligible
for admission pursuant to this subparagraph 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 persons or families in the absence of this subparagraph, or (ii)
[seven] EIGHT times the rental, including the value or cost to  them  of
heat,  light,  water  and  cooking  fuel,  of  the dwellings that may be
furnished to such persons or families, except that in the case of  fami-
lies  with three or more dependents, such ratio shall not exceed [eight]
NINE to one. The "probable aggregate  annual  income"  in  the  case  of
dwelling accommodations means the annual income of the chief wage earner
of the family, plus all other income of other members of the family over

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05287-01-5
              

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