S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6593
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 19, 2021
                                ___________
 
 Introduced  by M. of A. REYES -- read once and referred to the Committee
   on Housing
 
 AN ACT to amend the private housing finance law and  the  state  finance
   law,  in  relation to enacting the "housing our neighbors with dignity
   act"
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Short  title. This act shall be known and may be cited as
 the "housing our neighbors with dignity act".
   § 2. The private housing finance law is amended by adding a new  arti-
 cle 31 to read as follows:
                               ARTICLE XXXI
                HOUSING OUR NEIGHBORS WITH DIGNITY PROGRAM
 SECTION 1280. LEGISLATIVE FINDINGS AND PURPOSE.
         1281. DEFINITIONS.
         1282. HOUSING OUR NEIGHBORS WITH DIGNITY PROGRAM.
   §  1280.  LEGISLATIVE  FINDINGS  AND  PURPOSE.  THE STATE OF NEW YORK,
 THROUGH THE DIVISION OF HOUSING AND COMMUNITY RENEWAL, IS  EMPOWERED  TO
 PURCHASE  AND  CONVERT  DISTRESSED  HOTELS AND COMMERCIAL PROPERTIES, IN
 CITIES WITH A POPULATION OF ONE MILLION OR MORE, FOR USE  AS  AFFORDABLE
 PERMANENT  HOUSING  THAT  MEETS  STANDARDS ESTABLISHED TO ENSURE SAFETY,
 HABITABILITY, QUALITY, AND ACCESS TO SUPPORTIVE SERVICES AS APPROPRIATE,
 TO BE MADE AVAILABLE TO LOW-INCOME HOUSEHOLDS  AND  PEOPLE  EXPERIENCING
 HOMELESSNESS  IMMEDIATELY  PRIOR TO ENTERING SUCH HOUSING. THESE PROPER-
 TIES WILL BE MANAGED  BY  APPROPRIATE  NONPROFIT  ORGANIZATIONS,  EITHER
 THROUGH  TRANSFER  OF  OWNERSHIP  OR LONG-TERM NET LEASE BY THE NEW YORK
 GOVERNMENTAL ENTITY THAT ACQUIRED THE PROPERTY.
   THE ACQUIRED PROPERTIES MAY BE CONVERTED INTO HOUSING MODELS AS DEEMED
 NECESSARY BY THE  STATE  OR  APPROPRIATE  NONPROFIT  AUTHORITY  FOR  THE
 PURPOSES   OF  CREATING  SUPPORTIVE  AND/OR  AFFORDABLE  HOUSING  UNITS;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09863-03-1
              

 A. 6593                             2
 
 PROVIDED THAT THE HOUSING REMAINS AFFORDABLE  AS  DEFINED  BY  THE  TERM
 AFFORDABLE HOUSING INCLUDED IN THIS ARTICLE.
   §  1281.  DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE, THE FOLLOWING
 TERMS SHALL HAVE THE FOLLOWING MEANINGS:
   1. "APPROPRIATE NONPROFIT ORGANIZATION" SHALL MEAN A NONPROFIT  ORGAN-
 IZATION THAT:
   (A) HAS ONE OF SUCH ORGANIZATION'S PRIMARY PURPOSES:
   (I)  THE  PROVISION  OF HOUSING THAT IS AFFORDABLE TO LOW-INCOME FAMI-
 LIES; OR
   (II) THE PROVISION OF SERVICES OR HOUSING FOR INDIVIDUALS OR  FAMILIES
 EXPERIENCING HOMELESSNESS; OR
   (B) IS OTHERWISE CONSIDERED BY THE STATE AS A SUITABLE HOUSING MANAGE-
 MENT ORGANIZATION.
   2.  "AFFORDABLE  HOUSING"  SHALL  MEAN HOUSING THAT IS AFFORDABLE TO A
 LOW-INCOME HOUSEHOLD WITH INCOME AT OR BELOW FIFTY PERCENT OF  THE  AREA
 MEDIAN  INCOME FOR THE COUNTY IN WHICH THE PROPERTY IS LOCATED AS CALCU-
 LATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
   3. "DISTRESSED" SHALL MEAN AN ASSET THAT IS:
   (A) LISTED FOR SALE; AND
   (B) IN A FINANCIALLY  DISTRESSING  CONDITION,  AS  DETERMINED  BY  THE
 STATE.
   4. "EXPERIENCING HOMELESSNESS" SHALL REFER TO THOSE INDIVIDUALS RESID-
 ING  IN  SHELTERS,  TRANSITIONAL  HOUSING,  AND OTHER TYPES OF EMERGENCY
 HOUSING.
   5. "RENT STABILIZED" SHALL MEAN COLLECTIVELY, THE  RENT  STABILIZATION
 LAW OF NINETEEN HUNDRED SIXTY-NINE, THE RENT STABILIZATION CODE, AND THE
 EMERGENCY  TENANT  PROTECTION  ACT  OF  NINETEEN SEVENTY-FOUR, ALL AS IN
 EFFECT AS OF THE EFFECTIVE DATE OF THE CHAPTER OF THE LAWS OF TWO  THOU-
 SAND  TWENTY-ONE  THAT  ADDED THIS SUBDIVISION OR AS AMENDED THEREAFTER,
 TOGETHER WITH ANY SUCCESSOR STATUTES OR REGULATIONS ADDRESSING  SUBSTAN-
 TIALLY THE SAME SUBJECT MATTER.
   §  1282. HOUSING OUR NEIGHBORS WITH DIGNITY PROGRAM. 1. ESTABLISHMENT.
 THE COMMISSIONER, IN CONJUNCTION WITH THE DIVISION OF HOUSING AND COMMU-
 NITY RENEWAL, SHALL DEVELOP A HOUSING OUR NEIGHBORS WITH DIGNITY PROGRAM
 (HEREINAFTER REFERRED TO AS "THE PROGRAM"), WHICH SHALL PROVIDE A  MECH-
 ANISM  FOR THE STATE TO PURCHASE, ACQUIRE AND HOLD DISTRESSED COMMERCIAL
 REAL ESTATE AND OTHER COMMERCIAL PROPERTIES FOR THE PURPOSE OF MAINTAIN-
 ING OR INCREASING AFFORDABLE HOUSING IN CITIES WITH A POPULATION OF  ONE
 MILLION  OR  MORE.   SUCH PROGRAM SHALL ACTIVELY ACQUIRE SUCH PROPERTIES
 FOR TWO YEARS FOLLOWING THE EFFECTIVE DATE OF  THIS  ARTICLE;  PROVIDED,
 HOWEVER,  THAT  ALL  AFFORDABLE HOUSING PROPERTIES PRODUCED THROUGH THIS
 PROGRAM SHALL REMAIN PERMANENTLY AFFORDABLE, PURSUANT TO THIS ARTICLE.
   2. PURPOSE. THE PURPOSE OF THE  HOUSING  OUR  NEIGHBORS  WITH  DIGNITY
 PROGRAM SHALL BE TO:
   (A) ACQUIRE DISTRESSED COMMERCIAL REAL ESTATE PROPERTY FOR THE PURPOSE
 OF STABILIZING COMMUNITIES AND THE HOUSING MARKET;
   (B)  CONVERT AND REHABILITATE THE PHYSICAL CONDITION OF ACQUIRED PROP-
 ERTY IN ORDER TO ENHANCE THE VALUE AND CONDITION OF  SUCH  PROPERTY  FOR
 FUTURE OCCUPANTS, FOR THE ENVIRONMENTAL SUSTAINABILITY OF SUCH PROPERTY,
 AND FOR THE ECONOMIC AND SOCIAL CONDITIONS OF THE SURROUNDING COMMUNITY;
   (C) SELL OR OTHERWISE TRANSFER ACQUIRED PROPERTY TO ENTITIES THAT WILL
 USE SUCH PROPERTY TO GUARANTEE AFFORDABLE, HABITABLE AND ENVIRONMENTALLY
 SUSTAINABLE  HOUSING  TO ASSET-LIMITED, LOW-INCOME INDIVIDUALS AND FAMI-
 LIES;
   (D) FINANCE THE TRANSFER OF ACQUIRED PROPERTY TO SUCH ENTITIES; AND

 A. 6593                             3
 
   (E)  PROVIDE  AN  APPROPRIATE  AND  EXPEDIENT  MANNER  FOR  OWNERS  OF
 DISTRESSED PROPERTIES TO TRANSFER OWNERSHIP OR LONG-TERM NET LEASE.
   3.  POWERS.  (A)  THE STATE MAY PURCHASE, ACQUIRE, AND HOLD DISTRESSED
 HOTEL REAL ESTATE ASSETS, AND MAY TAKE SUCH ACTIONS AS MAY BE  NECESSARY
 TO IDENTIFY SUCH DISTRESSED REAL ESTATE AND OTHER COMMERCIAL PROPERTIES,
 AND  ACQUIRE SUCH PROPERTIES, FOR THE PURPOSE OF MAINTAINING OR INCREAS-
 ING THE STOCK OF AFFORDABLE, STABLE, QUALITY HOUSING IN  CITIES  WITH  A
 POPULATION OF ONE MILLION OR MORE.
   (B) HOTEL REAL ESTATE ASSETS SHALL ONLY INCLUDE HOTELS WITH FEWER THAN
 ONE  HUNDRED  FIFTY  UNITS,  AND  THOSE  THAT ARE LOCATED IN ANY BOROUGH
 OUTSIDE OF MANHATTAN, OR WITHIN MANHATTAN EXCLUDING THE  FOLLOWING  AREA
 IN THE BOROUGH OF MANHATTAN: BEGINNING AT THE INTERSECTION OF THE UNITED
 STATES PIERHEAD LINE IN THE HUDSON RIVER AND THE CENTER LINE OF CHAMBERS
 STREET,  EXTENDED, THENCE EASTERLY TO THE CENTER LINE OF CHAMBERS STREET
 AND CONTINUING ALONG THE CENTER LINE OF CHAMBERS STREET  TO  THE  CENTER
 LINE  OF CENTRE STREET, THENCE SOUTHERLY ALONG THE CENTER LINE OF CENTRE
 STREET TO THE CENTER LINE OF THE BROOKLYN BRIDGE TO THE INTERSECTION  OF
 THE  BROOKLYN  BRIDGE  AND  THE  UNITED STATES PIERHEAD LINE IN THE EAST
 RIVER, THENCE NORTHERLY ALONG THE UNITED STATES  PIERHEAD  LINE  IN  THE
 EAST RIVER TO THE INTERSECTION OF THE UNITED STATES PIERHEAD LINE IN THE
 EAST  RIVER  AND  THE  CENTER LINE OF ONE HUNDRED TENTH STREET EXTENDED,
 THENCE WESTERLY TO THE CENTER LINE  OF  ONE  HUNDRED  TENTH  STREET  AND
 CONTINUING  ALONG  THE  CENTER  LINE  OF ONE HUNDRED TENTH STREET TO ITS
 WESTERLY TERMINUS, THENCE WESTERLY TO THE  INTERSECTION  OF  THE  CENTER
 LINE OF ONE HUNDRED TENTH STREET EXTENDED AND THE UNITED STATES PIERHEAD
 LINE IN THE HUDSON RIVER, THENCE SOUTHERLY ALONG THE UNITED STATES PIER-
 HEAD LINE IN THE HUDSON RIVER TO THE POINT OF BEGINNING.
   4.  CONVERTED PROPERTIES. ALL PROPERTIES CONVERTED TO AFFORDABLE HOUS-
 ING PURSUANT TO THIS SECTION SHALL MEET THE MINIMUM STANDARDS OF HABITA-
 BILITY, SAFETY AND QUALITY OF LIFE FOR ALL ESTABLISHED HOUSING.  TENANTS
 SHALL PAY NO MORE THAN THIRTY PERCENT OF THEIR INCOME TOWARD RENT. ADDI-
 TIONAL OPERATING EXPENSES SHALL BE MET THROUGH ANY COMBINATION OF SUBSI-
 DIES, VOUCHERS, COMMERCIAL RENTS, OR OTHER SOURCES OF  INCOME  AVAILABLE
 TO  THE  HOUSING  PROVIDER  UNDER  THE  MODEL  THE NON-PROFIT CHOOSES TO
 PURSUE. ALL UNITS SHALL BE RENT STABILIZED AS DEFINED IN  THIS  ARTICLE.
 AT  LEAST  FIFTY  PERCENT OF ALL CONVERTED PROPERTIES SHALL BE SET ASIDE
 FOR INDIVIDUALS AND FAMILIES WHO WERE  EXPERIENCING  HOMELESSNESS  IMME-
 DIATELY PRIOR TO ENTERING SUCH CONVERTED AFFORDABLE HOUSING.
   5.  RESTRICTIONS.  THE  STATE SHALL NOT, IN ANY CASE, SELL OR TRANSFER
 PROPERTY UNLESS THE STATE HAS:
   (A) TAKEN ALL ACTIONS NECESSARY TO BRING THE PROPERTY INTO  COMPLIANCE
 WITH  APPLICABLE  BUILDING,  SAFETY,  HEALTH  AND HABITABILITY CODES AND
 REQUIREMENTS; OR
   (B) ENTERED INTO SUCH AGREEMENTS WITH THE PURCHASER OR  TRANSFEREE  TO
 ENSURE  THAT ANY ACTIONS NECESSARY TO BRING THE PROPERTY INTO COMPLIANCE
 WITH APPLICABLE BUILDING, SAFETY,  HEALTH  AND  HABITABILITY  CODES  AND
 REQUIREMENTS WILL BE TAKEN BEFORE SUCH PROPERTY IS OCCUPIED.
   6.  TENANT  PROTECTIONS.  TENANTS  RESIDING IN PROPERTIES CONVERTED TO
 AFFORDABLE HOUSING PURSUANT TO THIS  SECTION  SHALL  HAVE  FULL  TENANCY
 RIGHTS, INCLUDING ALL THE TENANT PROTECTIONS PURSUANT TO RENT STABILIZA-
 TION  AS  DEFINED  IN THIS ARTICLE.   TENANCY IN SUCH AFFORDABLE HOUSING
 SHALL NOT BE RESTRICTED ON THE BASIS OF SEXUAL IDENTITY OR  ORIENTATION,
 GENDER  IDENTITY  OR  EXPRESSION,  CONVICTION  OR  ARREST RECORD, CREDIT
 HISTORY, OR IMMIGRATION STATUS.
   § 3. The state finance law is amended by adding a new section 99-ii to
 read as follows:

 A. 6593                             4
 
   § 99-II. DISTRESSED PROPERTY  CONVERSION  FUND.  1.  THERE  IS  HEREBY
 ESTABLISHED  IN  THE  JOINT  CUSTODY  OF THE COMMISSIONER OF HOUSING AND
 COMMUNITY RENEWAL AND THE COMPTROLLER, A SPECIAL FUND TO BE KNOWN AS THE
 "DISTRESSED PROPERTY CONVERSION FUND".
   2.  THE  DISTRESSED PROPERTY CONVERSION FUND SHALL CONSIST OF MONETARY
 GRANTS, GIFTS OR BEQUESTS RECEIVED BY THE STATE FOR THE PURPOSES OF  THE
 FUND,  AND  ALL  OTHER  MONEYS  CREDITED OR TRANSFERRED THERETO FROM ANY
 OTHER FUND OR SOURCE. MONEYS OF SUCH FUND  SHALL  BE  EXPENDED  ONLY  TO
 CARRY  OUT  THE  PROVISIONS  OF  THE  HOUSING OUR NEIGHBORS WITH DIGNITY
 PROGRAM PURSUANT TO ARTICLE THIRTY-ONE OF THE  PRIVATE  HOUSING  FINANCE
 LAW. NOTHING IN THIS SECTION SHALL PREVENT THE STATE FROM SOLICITING AND
 RECEIVING  GRANTS,  GIFTS  OR BEQUESTS FOR THE PURPOSES OF SUCH FUND AND
 DEPOSITING THEM INTO THE FUND ACCORDING TO LAW.
   3. MONEYS IN SUCH FUND SHALL BE KEPT SEPARATE FROM AND  SHALL  NOT  BE
 COMMINGLED  WITH  ANY  OTHER MONEYS IN THE CUSTODY OF THE COMPTROLLER OR
 THE COMMISSIONER OF TAXATION AND FINANCE. ANY MONEYS  OF  THE  FUND  NOT
 REQUIRED FOR IMMEDIATE USE MAY, AT THE DISCRETION OF THE COMPTROLLER, IN
 CONSULTATION  WITH  THE DIRECTOR OF THE BUDGET, BE INVESTED BY THE COMP-
 TROLLER IN OBLIGATIONS OF THE UNITED STATES OR THE STATE,  OR  IN  OBLI-
 GATIONS THE PRINCIPAL AND INTEREST ON WHICH ARE GUARANTEED BY THE UNITED
 STATES  OR  BY  THE  STATE.  ANY INCOME EARNED BY THE INVESTMENT OF SUCH
 MONEYS SHALL BE ADDED TO AND BECOME A PART OF AND SHALL BE USED FOR  THE
 PURPOSES OF SUCH FUND.
   §  4.  This  act  shall take effect on the sixtieth day after it shall
 have become a law.    Effective  immediately,  the  addition,  amendment
 and/or repeal of any rule or regulation necessary for the implementation
 of  this  act  on  its  effective  date  are  authorized  to be made and
 completed on or before such effective date.

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6593--B
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 19, 2021
                                ___________
 
 Introduced  by  M.  of  A.  REYES,  MITAYNES,  MAMDANI, JACKSON, BARRON,
   PICHARDO, EPSTEIN,  KELLES,  BARNWELL,  HEVESI,  L. ROSENTHAL,  MEEKS,
   DE LA ROSA,  OTIS,  GONZALEZ-ROJAS,  CLARK, CARROLL, FORREST, SIMON --
   read once and referred  to  the  Committee  on  Housing  --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to  said  committee  -- again reported from said committee with amend-
   ments, ordered reprinted as amended and recommitted to said committee
 
 AN ACT to amend the private housing finance law, in relation to enacting
   the "housing our neighbors with dignity act"
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Short  title. This act shall be known and may be cited as
 the "housing our neighbors with dignity act".
   § 2. The private housing finance law is amended by adding a new  arti-
 cle 31 to read as follows:
                               ARTICLE XXXI
                HOUSING OUR NEIGHBORS WITH DIGNITY PROGRAM
 SECTION 1280. LEGISLATIVE FINDINGS AND PURPOSE.
         1281. DEFINITIONS.
         1282. HOUSING OUR NEIGHBORS WITH DIGNITY PROGRAM.
   §  1280.  LEGISLATIVE  FINDINGS  AND  PURPOSE.  THE STATE OF NEW YORK,
 THROUGH THE HOUSING TRUST FUND CORPORATION, IS EMPOWERED TO FINANCE  THE
 PURCHASE,  ACQUISITION,  HOLDING  OR CONVERSION OF DISTRESSED HOTELS AND
 COMMERCIAL OFFICE PROPERTIES FOR USE  AS  AFFORDABLE  PERMANENT  HOUSING
 THAT  MEETS STANDARDS ESTABLISHED TO ENSURE SAFETY, HABITABILITY, QUALI-
 TY, AND ACCESS TO SUPPORTIVE SERVICES AS APPROPRIATE, TO BE MADE  AVAIL-
 ABLE TO LOW-INCOME HOUSEHOLDS AND PEOPLE EXPERIENCING HOMELESSNESS IMME-
 DIATELY PRIOR TO ENTERING SUCH HOUSING. THESE PROPERTIES SHALL BE OWNED,
 OPERATED  AND MANAGED BY APPROPRIATE NONPROFIT ORGANIZATIONS THROUGH THE
 USE OF GOVERNMENT AGENCY FUNDING TO ACQUIRE THE PROPERTY.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09863-11-1
              

 A. 6593--B                          2
 
   THE ACQUIRED PROPERTIES SHALL BE CONVERTED INTO PERMANENTLY AFFORDABLE
 HOUSING MODELED AS FINANCIALLY AND OPERATIONALLY DEEMED NECESSARY BY THE
 STATE OR APPROPRIATE NONPROFIT ORGANIZATION FOR THE PURPOSES OF CREATING
 SUPPORTIVE OR PERMANENTLY AFFORDABLE HOUSING UNITS;  PROVIDED  THAT  THE
 HOUSING  SHALL REMAIN AFFORDABLE AS DEFINED BY THE TERM AFFORDABLE HOUS-
 ING INCLUDED IN THIS ARTICLE.
   § 1281. DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE,  THE  FOLLOWING
 TERMS SHALL HAVE THE FOLLOWING MEANINGS:
   1.  "CORPORATION" SHALL MEAN THE HOUSING TRUST FUND CORPORATION ESTAB-
 LISHED PURSUANT TO SECTION FORTY-FIVE-A OF THIS CHAPTER.
   2. "APPROPRIATE NONPROFIT ORGANIZATION" SHALL  MEAN  A  NOT-FOR-PROFIT
 ORGANIZATION THAT:
   (A) HAS AS ONE OF SUCH ORGANIZATION'S PRIMARY PURPOSES:
   (I)  THE  PROVISION  OF HOUSING THAT IS AFFORDABLE TO LOW-INCOME FAMI-
 LIES; OR
   (II) THE PROVISION OF SERVICES OR HOUSING FOR INDIVIDUALS OR  FAMILIES
 EXPERIENCING HOMELESSNESS; OR
   (B) IS OTHERWISE CONSIDERED BY THE STATE AS A SUITABLE HOUSING MANAGE-
 MENT ORGANIZATION, BY A VETTING PROCESS DEVELOPED BY THE CORPORATION.
   3.  "AFFORDABLE HOUSING" SHALL MEAN PERMANENT HOUSING THAT IS AFFORDA-
 BLE TO LOW AND MODERATE-INCOME HOUSEHOLDS, SUCH  THAT  THE  NEW  HOUSING
 ACHIEVES  INCOME  AVERAGING AT OR BELOW FIFTY PERCENT OF THE AREA MEDIAN
 INCOME, WITH RESIDENTS'  ELIGIBILITY  CAPPED  AT  A  MAXIMUM  OF  EIGHTY
 PERCENT  OF  THE AREA MEDIAN  INCOME AT THE START OF THEIR LEASE. APPLI-
 CANTS SHALL NOT BE REJECTED FROM ELIGIBILITY BASED ON  CREDIT  HISTORIES
 OR CREDIT SCORES.
   4.  "BUILDING SERVICE EMPLOYEE" SHALL MEAN ANY PERSON WHO IS REGULARLY
 EMPLOYED AT, AND PERFORMS WORK IN CONNECTION WITH THE  CARE  OR  MAINTE-
 NANCE  OF,  A  CONVERTED  PROPERTY  IN  A  CITY WITH A POPULATION OF ONE
 MILLION OR MORE, INCLUDING BUT NOT LIMITED TO, A WATCHMAN, GUARD,  DOOR-
 MAN, BUILDING CLEANER, PORTER, HANDYMAN, JANITOR, GARDENER, GROUNDSKEEP-
 ER, ELEVATOR OPERATOR AND STARTER, OR WINDOW CLEANER.
   5.  "DISTRESSED"  SHALL  MEAN  AN  AVAILABLE ASSET THAT IS FINANCIALLY
 DISTRESSED AS DETERMINED BY THE CORPORATION.
   6. "EXEMPT SUPPORTIVE HOUSING" SHALL MEAN CONVERTED PROPERTY FOR WHICH
 A NONPROFIT ORGANIZATION HAS:
   (A) ENTERED INTO A REGULATORY AGREEMENT  WITH  A  FEDERAL,  STATE,  OR
 LOCAL  GOVERNMENT  ENTITY  IN A CITY WITH A POPULATION OF ONE MILLION OR
 MORE THAT REQUIRES:
   (I) AT LEAST FIFTY PERCENT OF THE RESIDENTIAL UNITS IN SUCH  CONVERTED
 PROPERTY  BE  RESERVED  FOR  HOMELESS,  DISABLED INDIVIDUALS OR HOMELESS
 FAMILIES WITH A DISABLED HEAD-OF-HOUSEHOLD; AND
   (II) THE PROVISION OF ON-SITE SUPPORTIVE SERVICES TO THE RESIDENTS  OF
 AT LEAST FIFTY PERCENT OF THE RESIDENTIAL UNITS; AND
   (B)  THE  REMAINING  FIFTY  PERCENT  OF  THE RESIDENTIAL UNITS IN SUCH
 CONVERTED PROPERTY RENTED TO  HOUSEHOLDS  EARNING,  ON  AVERAGE,  UP  TO
 EIGHTY PERCENT OF THE AREA MEDIAN INCOME, ADJUSTED FOR HOUSEHOLD SIZE.
   7. "EXPERIENCING HOMELESSNESS" SHALL REFER TO THOSE INDIVIDUALS RESID-
 ING IN SHELTERS, TRANSITIONAL HOUSING, PUBLIC SPACES, AND OTHER TYPES OF
 EMERGENCY HOUSING.
   8. "FISCAL OFFICER" SHALL MEAN THE COMPTROLLER OF THE CITY OF NEW YORK
 OR OTHER ANALOGOUS OFFICER OF SUCH CITY.
   9.  "PREVAILING  WAGE"  SHALL  MEAN THE RATE OF WAGES AND SUPPLEMENTAL
 BENEFITS PAID IN THE LOCALITY TO WORKERS IN THE SAME TRADE OR OCCUPATION
 AND ANNUALLY DETERMINED BY THE FISCAL OFFICER  IN  ACCORDANCE  WITH  THE
 PROVISIONS OF SECTION TWO HUNDRED THIRTY-FOUR OF THE LABOR LAW.

 A. 6593--B                          3
 
   10.  "RENT STABILIZED" SHALL MEAN COLLECTIVELY, THE RENT STABILIZATION
 LAW OF NINETEEN HUNDRED SIXTY-NINE, THE RENT STABILIZATION CODE, AND THE
 EMERGENCY TENANT PROTECTION ACT OF  NINETEEN  SEVENTY-FOUR,  ALL  AS  IN
 EFFECT  AS OF THE EFFECTIVE DATE OF THE CHAPTER OF THE LAWS OF TWO THOU-
 SAND  TWENTY-ONE  THAT  ADDED THIS SUBDIVISION OR AS AMENDED THEREAFTER,
 TOGETHER WITH ANY SUCCESSOR STATUTES OR REGULATIONS ADDRESSING  SUBSTAN-
 TIALLY THE SAME SUBJECT MATTER.
   11. "SMALL CONVERTED PROPERTY" SHALL MEAN A CONVERTED PROPERTY PROJECT
 (A)  TO  IMPROVE  NO MORE THAN ONE HUNDRED NINETEEN RESIDENTIAL UNITS IN
 ONE OR MORE BUILDINGS; AND (B) WHICH HAS RECEIVED  FINANCIAL  ASSISTANCE
 PURSUANT TO THIS ARTICLE.
   §  1282. HOUSING OUR NEIGHBORS WITH DIGNITY PROGRAM. 1. ESTABLISHMENT.
 SUBJECT TO AMOUNTS AVAILABLE BY APPROPRIATION THEREFOR, THE  CORPORATION
 SHALL  DEVELOP A HOUSING OUR NEIGHBORS WITH DIGNITY PROGRAM (HEREINAFTER
 REFERRED TO AS "THE PROGRAM"), WHICH SHALL PROVIDE A MECHANISM  FOR  THE
 STATE  TO  FINANCE  THE  ACQUISITION OF DISTRESSED HOTELS AND COMMERCIAL
 OFFICE PROPERTIES BY APPROPRIATE NONPROFIT ORGANIZATIONS FOR THE PURPOSE
 OF MAINTAINING OR INCREASING AFFORDABLE HOUSING.  ALL AFFORDABLE HOUSING
 PROPERTIES  PRODUCED  THROUGH  THIS  PROGRAM  SHALL  REMAIN  PERMANENTLY
 AFFORDABLE,  AND ALL CONVERTED PROPERTIES IN A CITY WITH A POPULATION OF
 ONE MILLION OR MORE, WITH THE EXCEPTION OF  SMALL  CONVERTED  PROPERTIES
 AND EXEMPT SUPPORTIVE HOUSING, SHALL BE REQUIRED TO PAY BUILDING SERVICE
 EMPLOYEES  THE  APPLICABLE PREVAILING WAGE PURSUANT TO SUBDIVISION ONE-A
 OF THIS SECTION.  PERMANENT AFFORDABILITY RESTRICTIONS SHALL  REQUIRE  A
 REGULATORY  AGREEMENT  WITH  THE  CORPORATION OR LOCAL HOUSING AGENCY OR
 OTHER AFFORDABILITY RESTRICTIONS IN RECORDED DOCUMENTS NOT  SPECIFICALLY
 LISTED  IN  THIS  SUBDIVISION, PROVIDED THE CORPORATION OR LOCAL HOUSING
 AGENCY DETERMINES THAT SUCH RESTRICTIONS ARE ENFORCEABLE AND  LIKELY  TO
 BE ENFORCED.  SUCH ENFORCEMENT MEASURES SHALL INCLUDE BUT NOT BE LIMITED
 TO THE ABILITY TO CANCEL OR TRANSFER THE REGULATORY AGREEMENT OR PROPER-
 TY  TO  ANOTHER ENTITY FOR VIOLATING THE TERMS OF SUCH REGULATORY AGREE-
 MENT, SUCH AS FAILURE TO MEET THE MINIMUM OBLIGATIONS SET FORTH IN  THIS
 ARTICLE WHEN SUCH FAILURE IS NOT CURED.
   1-A.  IN A CITY WITH A POPULATION OF ONE MILLION OR MORE, ALL BUILDING
 SERVICE EMPLOYEES EMPLOYED BY AN APPROPRIATE NONPROFIT ORGANIZATION AT A
 CONVERTED PROPERTY OR OTHERWISE EMPLOYED AT A CONVERTED PROPERTY THAT IS
 NOT A SMALL  CONVERTED  PROPERTY  OR  EXEMPT  SUPPORTIVE  HOUSING  SHALL
 RECEIVE  AT LEAST THE APPLICABLE PREVAILING WAGE IN SUCH CITY FOR CRAFT,
 TRADE, OR OCCUPATION OF SUCH BUILDING  SERVICE  EMPLOYEE.    THE  FISCAL
 OFFICER  SHALL  HAVE  THE  POWER  TO ENFORCE SUCH PROVISIONS IN THE SAME
 MANNER AS PROVIDED UNDER SUBPARAGRAPH (III) OF PARAGRAPH (G) OF SUBDIVI-
 SION SEVENTEEN OF SECTION FOUR HUNDRED TWENTY-ONE-A OF THE REAL PROPERTY
 TAX LAW. IN ADDITION, THE FISCAL OFFICER SHALL HAVE THE POWER TO CONDUCT
 AN INVESTIGATION AND HEARING AND FILE A DETERMINATION AS TO THE  PAYMENT
 OF WAGES OWED BY A LESSEE, OWNER, SUCCESSOR, OR ANY EMPLOYER OF BUILDING
 SERVICE  EMPLOYEES, AS PROVIDED UNDER SUBDIVISIONS ONE, FOUR, FIVE, SIX,
 EIGHT AND NINE OF SECTION TWO HUNDRED THIRTY-FIVE OF THE LABOR LAW.
   2. PURPOSE. THE PROGRAM SHALL SEEK TO:
   (A) FINANCE THE ACQUISITION OF DISTRESSED HOTELS AND COMMERCIAL OFFICE
 PROPERTIES BY APPROPRIATE NONPROFIT ORGANIZATIONS  FOR  THE  PURPOSE  OF
 STABILIZING COMMUNITIES AND THE HOUSING MARKET;
   (B)  FINANCE  THE CONVERSION AND REHABILITATION OF THE PHYSICAL CONDI-
 TION OF ACQUIRED PROPERTY  BY  APPROPRIATE  NONPROFIT  ORGANIZATIONS  IN
 ORDER  TO  ENHANCE  THE CONDITION OF SUCH PROPERTY FOR FUTURE OCCUPANTS,
 SUCH AS HABITABILITY AND ENVIRONMENTAL SUSTAINABILITY; AND

 A. 6593--B                          4
 
   (C) PROVIDE AN APPROPRIATE, EXPEDIENT AND EFFICIENT MANNER FOR  OWNERS
 OF  SUCH  DISTRESSED  PROPERTIES TO TRANSFER OWNERSHIP TO AN APPROPRIATE
 NONPROFIT ORGANIZATION SO AS TO PROMOTE  THE  STATE'S  INTEREST  IN  THE
 CONVERSION OF SUCH PROPERTIES TO NEW SUPPORTIVE AND AFFORDABLE PERMANENT
 HOUSING UNITS.
   3. POWERS. THE STATE MAY FINANCE THE PURCHASE, ACQUISITION AND HOLDING
 BY APPROPRIATE NONPROFIT ORGANIZATIONS OF DISTRESSED HOTEL OR COMMERCIAL
 OFFICE PROPERTIES IN ANY PART OF THE STATE, AND MAY TAKE SUCH ACTIONS AS
 MAY BE NECESSARY TO IDENTIFY SUCH DISTRESSED PROPERTIES, FOR THE PURPOSE
 OF  MAINTAINING  OR  INCREASING THE STOCK OF AFFORDABLE, STABLE, QUALITY
 HOUSING; PROVIDED THAT IN THE CASE OF A  PROPERTY  AT  WHICH  ANY  HOTEL
 WORKERS ARE REPRESENTED BY A COLLECTIVE BARGAINING REPRESENTATIVE, PRIOR
 TO  THE  PROPOSED  ACQUISITION, THE COLLECTIVE BARGAINING REPRESENTATIVE
 SHALL BE NOTIFIED IN WRITING OF THE PROPOSED ACQUISITION, AND THE  PROP-
 ERTY  OWNER SHALL CERTIFY PRIOR TO THE STATE INITIATING SUCH ACQUISITION
 THAT THE COLLECTIVE BARGAINING REPRESENTATIVE HAS MUTUALLY AGREED  IN  A
 SEPARATE  WRITING  WITH THE PROPERTY OWNER TO TAKE THE SPECIFIC ACQUISI-
 TION DESCRIBED IN THE WRITTEN NOTICE.
   4. CONVERTED PROPERTIES. ALL PROPERTIES CONVERTED TO AFFORDABLE  HOUS-
 ING PURSUANT TO THIS SECTION SHALL MEET THE MINIMUM STANDARDS OF HABITA-
 BILITY,  SAFETY  AND QUALITY OF LIFE FOR ALL ESTABLISHED HOUSING.  ADDI-
 TIONAL OPERATING EXPENSES  SHALL  BE  MET  THROUGH  ANY  COMBINATION  OF
 SUBSIDIES, VOUCHERS, COMMERCIAL RENTS, OR OTHER SOURCES OF INCOME AVAIL-
 ABLE  TO  THE HOUSING PROVIDER UNDER THE MODEL THE NON-PROFIT CHOOSES TO
 PURSUE. ALL UNITS SHALL BE RENT STABILIZED AS DEFINED IN THIS ARTICLE IN
 LOCALITIES THAT HAVE ADOPTED OR OPTED IN TO THE RENT STABILIZATION  LAW.
 AT  LEAST  FIFTY  PERCENT OF ALL CONVERTED PROPERTIES SHALL BE SET ASIDE
 FOR INDIVIDUALS AND FAMILIES WHO WERE  EXPERIENCING  HOMELESSNESS  IMME-
 DIATELY  PRIOR TO ENTERING SUCH CONVERTED AFFORDABLE HOUSING.  EACH UNIT
 MUST CONTAIN, AT A MINIMUM, A LIVING/SLEEPING  SPACE,  PRIVATE  BATHROOM
 WITH  BATH OR SHOWER, AND EITHER A FULL KITCHEN OR A KITCHENETTE WITH AT
 LEAST A 24-INCH REFRIGERATOR, SINK, COOKTOP, MICROWAVE OVEN AND  OUTLETS
 FOR COUNTERTOP APPLIANCES.
   5. RESTRICTIONS. THE STATE SHALL NOT, IN ANY CASE, FACILITATE THE SALE
 OR  TRANSFER  OF PROPERTY UNLESS THE STATE HAS ENTERED INTO AN AGREEMENT
 WITH THE APPROPRIATE NONPROFIT ORGANIZATION TO ENSURE THAT  ANY  ACTIONS
 NECESSARY  TO  BRING THE PROPERTY INTO COMPLIANCE WITH APPLICABLE BUILD-
 ING, SAFETY, HEALTH AND HABITABILITY  CODES  AND  REQUIREMENTS  WILL  BE
 TAKEN BEFORE SUCH PROPERTY IS OCCUPIED.
   6.  TENANT  PROTECTIONS.  TENANTS  RESIDING IN PROPERTIES CONVERTED TO
 AFFORDABLE HOUSING PURSUANT TO THIS  SECTION  SHALL  HAVE  FULL  TENANCY
 RIGHTS, INCLUDING ALL THE TENANT PROTECTIONS PURSUANT TO RENT STABILIZA-
 TION AS DEFINED IN THIS ARTICLE IN LOCALITIES THAT HAVE ADOPTED OR OPTED
 IN  TO  THE RENT STABILIZATION LAWS.  TENANCY IN SUCH AFFORDABLE HOUSING
 SHALL NOT BE RESTRICTED ON THE BASIS OF SEXUAL IDENTITY OR  ORIENTATION,
 GENDER  IDENTITY  OR  EXPRESSION,  CONVICTION  OR  ARREST RECORD, CREDIT
 HISTORY, CREDIT SCORE, OR IMMIGRATION STATUS.
   § 3. Non-severability clause. If any  clause,  sentence,  subdivision,
 paragraph, section or part of this act shall be adjudged by any court of
 competent  jurisdiction to be invalid, and such decision is not reversed
 or is otherwise deemed to be final, such judgment shall have the  effect
 of rendering this act invalid, inoperative and void.
   §  4.  This  act  shall take effect immediately and shall be deemed to
 have been in full force and effect on and after April 1, 2021.