Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2020 |
ordered to third reading cal.234 |
Jun 14, 2019 |
amended on third reading 6277a |
Jun 14, 2019 |
vote reconsidered - restored to third reading returned to assembly recalled from senate |
May 13, 2019 |
referred to housing, construction and community development delivered to senate passed assembly |
May 02, 2019 |
advanced to third reading cal.257 |
Apr 30, 2019 |
reported |
Mar 04, 2019 |
referred to housing |
Assembly Bill A6277A
2019-2020 Legislative Session
Sponsored By
WALKER
Archive: Last Bill Status - On Floor Calendar
- 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
Bill Amendments
co-Sponsors
Jeffrion Aubry
Inez E. Dickens
N. Nick Perry
Charles Barron
multi-Sponsors
Andrew Hevesi
Joseph Lentol
2019-A6277 - Details
2019-A6277 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6277 2019-2020 Regular Sessions I N A S S E M B L Y March 4, 2019 ___________ Introduced by M. of A. WALKER -- read once and referred to the Committee on Housing AN ACT to amend the private housing finance law, in relation to afforda- ble housing corporation grants THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 1112 of the private housing finance law, as amended by chapter 64 of the laws of 2012, is amended to read as follows: 1. Within the limit of funds available in the affordable housing development account, the corporation is hereby authorized to enter into contracts with eligible applicants to provide grants which such appli- cants shall use to finance affordable home ownership development programs subject to the terms and conditions of this article. Any grants received by a municipality hereunder shall not be deemed to be municipal funds. Grantees shall utilize funds provided pursuant to this article solely as payments, grants and loans to owners to reduce the costs of new construction, rehabilitation or home improvement or the cost of acquisition, but only where such acquisition is part of an affordable home ownership development program or project to construct or rehabili- tate homes, or as otherwise authorized by law. Such financial assistance may be in the form of loans, participation in loans including but not limited to participation in loans originated or financed by lending institutions as defined in section forty-two of this chapter, private or public employee pension funds or the state of New York mortgage agency, or grants, on such terms and conditions as the grantee with the approval of the corporation shall determine, provided that no such payments, grants and loans shall exceed the lesser of (i) sixty percent of the project cost for projects involving acquisition or one hundred percent of rehabilitation programs without an acquisition component or (ii) the following per dwelling unit limitations (A) thirty-five thousand dollars EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
Jeffrion Aubry
Inez E. Dickens
N. Nick Perry
Charles Barron
multi-Sponsors
Andrew Hevesi
Joseph Lentol
2019-A6277A (ACTIVE) - Details
2019-A6277A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6277--A Cal. No. 257 2019-2020 Regular Sessions I N A S S E M B L Y March 4, 2019 ___________ Introduced by M. of A. WALKER, AUBRY, DICKENS, PERRY, BARRON, WILLIAMS, SIMOTAS, COLTON, ORTIZ, ARROYO, WRIGHT, DenDEKKER, NIOU, DE LA ROSA, SIMON, COOK, ENGLEBRIGHT, JEAN-PIERRE, TAYLOR, BLAKE -- Multi-Spon- sored by -- M. of A. HEVESI, LENTOL -- read once and referred to the Committee on Housing -- advanced to a third reading, passed by Assem- bly and delivered to the Senate, recalled from the Senate, vote recon- sidered, bill amended, ordered reprinted, retaining its place on the order of third reading AN ACT to amend the private housing finance law, in relation to afforda- ble housing corporation grants THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 1112 of the private housing finance law, as amended by chapter 64 of the laws of 2012, is amended to read as follows: 1. Within the limit of funds available in the affordable housing development account, the corporation is hereby authorized to enter into contracts with eligible applicants to provide grants which such appli- cants shall use to finance affordable home ownership development programs subject to the terms and conditions of this article. Any grants received by a municipality hereunder shall not be deemed to be municipal funds. Grantees shall utilize funds provided pursuant to this article solely as payments, grants and loans to owners to reduce the costs of new construction, rehabilitation or home improvement or the cost of acquisition, but only where such acquisition is part of an affordable home ownership development program or project to construct or rehabili- tate homes, or as otherwise authorized by law. Such financial assistance may be in the form of loans, participation in loans including but not limited to participation in loans originated or financed by lending institutions as defined in section forty-two of this chapter, private or public employee pension funds or the state of New York mortgage agency, EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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