Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 28, 2020 |
committed to rules |
Feb 27, 2020 |
advanced to third reading |
Feb 26, 2020 |
2nd report cal. |
Feb 25, 2020 |
1st report cal.458 |
Jan 08, 2020 |
referred to housing, construction and community development |
Jun 14, 2019 |
print number 1824b |
Jun 14, 2019 |
amend and recommit to housing, construction and community development |
Jun 12, 2019 |
print number 1824a |
Jun 12, 2019 |
amend and recommit to housing, construction and community development |
Jan 16, 2019 |
referred to housing, construction and community development |
Senate Bill S1824B
2019-2020 Legislative Session
Sponsored By
(D) 36th Senate District
Archive: Last Bill Status - In Senate Committee Rules 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
Votes
Bill Amendments
co-Sponsors
(D) Senate District
(R) Senate District
(D) 14th Senate District
(D, WF) 47th Senate District
2019-S1824 - Details
2019-S1824 - Sponsor Memo
BILL NUMBER: S1824 SPONSOR: BAILEY TITLE OF BILL: An act to amend the private housing finance law, in relation to afforda- ble housing corporation grants PURPOSE OR GENERAL IDEA: Relates to affordable housing corporation grants by increasing the amount that can be granted to a high cost project. SUMMARY OF SPECIFIC PROVISIONS: This amendment to the Private Housing Finance Law Article XIX Section 1112 and related sections that would reflect the following changes: Section 1. Increases subsidy availability for projects in high cost markets from $40,000 per dwelling unit to up to $75,000/du
2019-S1824 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1824 2019-2020 Regular Sessions I N S E N A T E January 16, 2019 ___________ Introduced by Sens. BAILEY, BENJAMIN, BOYLE, COMRIE, HOYLMAN, KENNEDY, KRUEGER, MONTGOMERY, PERSAUD, SAVINO, SEPULVEDA, STAVISKY -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development 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 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D) Senate District
(R) Senate District
(D) 14th Senate District
(D, WF) 47th Senate District
2019-S1824A - Details
2019-S1824A - Sponsor Memo
BILL NUMBER: S1824A SPONSOR: BAILEY TITLE OF BILL: An act to amend the private housing finance law, in relation to affordable housing corporation grants PURPOSE OR GENERAL IDEA: Relates to affordable housing corporation grants by increasing the amount that can be granted to a high cost project. SUMMARY OF SPECIFIC PROVISIONS: This amendment to the Private Housing Finance Law Article XIX Section 1112 and related sections that would reflect the following changes: Section 1. Increases subsidy availability for projects in high cost markets from $40,000 per dwelling unit to up to $75,000/du Section 2. Requires resale restrictions for no less than GO years and no more than 99 years for projects seeking more than $40,000/du through
2019-S1824A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1824--A 2019-2020 Regular Sessions I N S E N A T E January 16, 2019 ___________ Introduced by Sens. BAILEY, BENJAMIN, BOYLE, COMRIE, HOYLMAN, JACKSON, KENNEDY, KRUEGER, MONTGOMERY, MYRIE, PERSAUD, SALAZAR, SAVINO, SEPULVEDA, SERRANO, SKOUFIS, STAVISKY -- read twice and ordered print- ed, and when printed to be committed to the Committee on Housing, Construction and Community Development -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee 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 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D) 15th Senate District
(D) Senate District
(R) Senate District
(D) 14th Senate District
2019-S1824B (ACTIVE) - Details
2019-S1824B (ACTIVE) - Sponsor Memo
BILL NUMBER: S1824B SPONSOR: BAILEY TITLE OF BILL: An act to amend the private housing finance law, in relation to affordable housing corporation grants PURPOSE: OR GENERAL IDEA: Relates to affordable housing corporation grants by increasing the amount that can be granted to a high cost project. SUMMARY OF SPECIFIC PROVISIONS: This amendment to the Private Housing Finance Law Article XIX Section 1112 and related sections that would reflect the following changes: Section 1. Increases subsidy availability for projects in high cost markets from $40,000 per dwelling unit to up to $75,000/du Section 2. Requires resale restrictions for no less than GO years and no more than 99 years for projects seeking more than $40,000/du through deed restrictions, community land trusts, or limited-equity cooperative
2019-S1824B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1824--B 2019-2020 Regular Sessions I N S E N A T E January 16, 2019 ___________ Introduced by Sens. BAILEY, BENJAMIN, BOYLE, COMRIE, HOYLMAN, JACKSON, KENNEDY, KRUEGER, MONTGOMERY, MYRIE, PERSAUD, SALAZAR, SAVINO, SEPULVEDA, SERRANO, SKOUFIS, STAVISKY -- read twice and ordered print- ed, and when printed to be committed to the Committee on Housing, Construction and Community Development -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee 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 [ ] is old law to be omitted.
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