NY State Senate Bill 2021-S5428

Senate Bill S5428

2021-2022 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

Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development 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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 05, 2022	referred to housing, construction and community development
Mar 04, 2021	referred to housing, construction and community development

2021-S5428 (ACTIVE) - Details

See Assembly Version of this Bill:: A6935
Current Committee:: Senate Housing, Construction And Community Development
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: S2766, A6812
2017-2018: S2194, A817
2019-2020: S5020, A3410
2023-2024: S6850, A1912

2021-S5428 (ACTIVE) - Summary

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

2021-S5428 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S5428

SPONSOR: PARKER
 
TITLE OF BILL:

An act to amend the private housing finance law, in relation to labor
union financed housing

 
PURPOSE:

To provide for the creation of workforce housing for those working fami-
lies unable to afford unsubsidized housing because of lack of sufficient
income, and unable to qualify for affordable housing because their
income exceeds New York City's adjusted median income (AMI).

 
SUMMARY OF PROVISIONS:

Section 1 amends the private housing finance law by adding a new section
1154 that provides New York City with the ability to finance workforce
housing.

Section 2 provides that the act shall take effect immediately.

 
JUSTIFICATION:

The Mayor of the City of New York has committed to the creation of
200,000 units of affordable housing to meet the needs of 46% of its
population which can be currently be defined as living in poverty.  This
bill seeks to expand the financing available to meet those goals at a
time when Federal subsidies have been reduced, higher income households
at 130% and higher are competing for available safe and sanitary quality
housing, wages are stagnant for unskilled, semi-skilled and entry level
professionals and a contingent workforce appears to be the employment
paradigm for millenials.

The City is at a risk of losing an essential municipal workforce,
despite the residency requirements, as well as the service providers for
the private sector due to the lack of affordable housing. Many of the
individuals who have been marginalized with regard to affordable housing
are members of collective bargaining unions. Permitting the collective
bargaining organizations to become partners with municipal State and
private sector partners to finance and develop affordable housing
targeted, in part to their membership and other workers in the private
sector would be both a union membership and public benefit.

 
LEGISLATIVE HISTORY:

2019-20: S.5020 - Referred to Housing, Construction and Community Devel-
opment

2017-18: S.2194 - REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVEL-
OPMENT

 
EFFECTIVE:

Immediately

2021-S5428 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5428
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               March 4, 2021
                                ___________
 
 Introduced  by  Sen.  PARKER -- 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 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.
                                                            LBD06291-01-1

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