Assembly Bill A2015

2021-2022 Legislative Session

Relates to requiring affordable housing projects to calculate and only use the area median income for the specific county that the project is located in

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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2021-A2015 (ACTIVE) - Details

Current Committee:
Assembly Housing
Law Section:
Real Property Tax Law
Laws Affected:
Amd §421-a, RPT L
Versions Introduced in Other Legislative Sessions:
2017-2018: A5968
2019-2020: A2676
2023-2024: A7778
2025-2026: A2224

2021-A2015 (ACTIVE) - Summary

Relates to requiring affordable housing projects to calculate and only use the area median income for the specific county that the project is located in for determining affordability.

2021-A2015 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2015
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 14, 2021
                                ___________
 
 Introduced  by  M.  of  A.  BARNWELL  --  Multi-Sponsored by -- M. of A.
   CARROLL -- read once and referred to the Committee on Housing
 
 AN ACT to amend the real property tax  law,  in  relation  to  requiring
   affordable  housing projects to calculate and only use the area median
   income for the specific county that the  project  is  located  in  for
   determining affordability
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 1 of section 421-a of the real property tax law
 is amended by adding a new paragraph e to read as follows:
   E. "AREA MEDIAN INCOME (AMI)." WHENEVER CALCULATING THE  AFFORDABILITY
 OF A PROJECT, AMI SHALL BE BASED SOLELY ON THE SPECIFIC COUNTY WHERE THE
 PROJECT SHALL BE LOCATED.
   §  2.  All affordable housing projects, including, but not limited to,
 421-a projects, shall only use the area  median  income  (AMI)  for  the
 specific  county that the project is located in for determining afforda-
 bility.
   § 3. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06931-01-1

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