Assembly Bill A3410

2019-2020 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

Sponsored By

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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2019-A3410 (ACTIVE) - Details

See Senate Version of this Bill:
S5020
Current Committee:
Assembly Housing
Law Section:
Private Housing Finance Law
Laws Affected:
Add §1154, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2013-2014: S7571
2015-2016: A6812, S2766
2017-2018: A817, S2194
2021-2022: A6935, S5428
2023-2024: A1912, S6850

2019-A3410 (ACTIVE) - Summary

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

2019-A3410 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3410
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 29, 2019
                                ___________
 
 Introduced by M. of A. BICHOTTE, MOSLEY, JOYNER -- Multi-Sponsored by --
   M. of A. COOK -- read once and referred to the Committee 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:
   § 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.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00286-01-9

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