S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5560
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 10, 2017
                                ___________
 
 Introduced  by  M.  of  A.  CYMBROWITZ  -- 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.
              

                                                            LBD09571-01-7

 A. 5560                             2
 
 the age of twenty-one years, plus a proportion of  income  of  gainfully
 employed members under the age of twenty-one years, the proportion to be
 determined  by the company as approved by the commissioner or the super-
 vising  agency,  as  the case may be, excluding therefrom a deduction of
 fifteen thousand dollars from the income of secondary  wage  earners  of
 the  family or a larger deduction if approved by the commissioner or the
 supervising agency, as the case may be,  except  that  the  company,  as
 approved  by the commissioner or the supervising agency, as the case may
 be, may exclude a proportion of the income of other members of the fami-
 ly over the age of twenty-one  years  for  the  purpose  of  determining
 eligibility  for  admission  or continued occupancy, or for establishing
 the rental of such family, or for all such purposes; in the case of such
 non-housekeeping accommodations it means the annual income of the  occu-
 pant,  provided that the commissioner or supervising agency, as the case
 may be, may make rules and regulations relative to the allocation of the
 income of a family among the members thereof for the purpose  of  deter-
 mining the income attributable to such occupant.
   § 2. This act shall take effect immediately.