Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2018 |
referred to cities |
Feb 15, 2017 |
referred to cities |
Senate Bill S4455
2017-2018 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Cities 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
2017-S4455 (ACTIVE) - Details
- Current Committee:
- Senate Cities
- Law Section:
- New York City
- Versions Introduced in Other Legislative Sessions:
-
2019-2020:
S1691
2021-2022: S2621
2023-2024: S4960
2017-S4455 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4455 TITLE OF BILL : An act to require all affordable housing programs in a city having a population over one million to calculate the area median income based on the zip code in which the project will be located PURPOSE OR GENERAL IDEA OF BILL : To advance affordable housing in New York City by requiring the use of the particular zip code's AMI in calculating Area Median Income. SUMMARY OF SPECIFIC PROVISIONS : Section 1 mandates that within cities with a population of one million or more, any affordable housing program shall use an AMI proportional to the zip code in which the program is located. Section 2 sets an immediate effective date. JUSTIFICATION : To measure affordability, New York applies a tool known as the "area median income" (AMI). The AMI measurement is calculated by the U.S. Department of Housing and Urban Development (HUD).
2017-S4455 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4455 2017-2018 Regular Sessions I N S E N A T E February 15, 2017 ___________ Introduced by Sen. AVELLA -- read twice and ordered printed, and when printed to be committed to the Committee on Cities AN ACT to require all affordable housing programs in a city having a population over one million to calculate the area median income based on the zip code in which the project will be located THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Notwithstanding any law, rule or regulation to the contra- ry, within cities having a population of one million or more, any affordable housing program initiated after the effective date of this act shall use an area median income proportional to the zip code in which the program is located. ยง 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09774-01-7
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