Assembly Bill A6812

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

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Archive: Last Bill Status - In Assembly 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-A6812 (ACTIVE) - Details

See Senate Version of this Bill:
S2766
Current Committee:
Assembly Housing
Law Section:
Private Housing Finance Law
Laws Affected:
Add ยง1154, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2013-2014: S7571
2017-2018: A817, S2194
2019-2020: A3410, S5020
2021-2022: A6935, S5428
2023-2024: A1912, S6850

2015-A6812 (ACTIVE) - Summary

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

2015-A6812 (ACTIVE) - Bill Text download pdf 

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

                                  6812

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              April 6, 2015
                               ___________

Introduced by M. of A. BICHOTTE -- read once and referred to the Commit-
  tee on Housing

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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