Assembly Bill A10369

2023-2024 Legislative Session

Relates to preferences under the affordable home ownership development program for veterans with service-related disabilities

download bill text pdf

Sponsored By

Current 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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2023-A10369 (ACTIVE) - Details

See Senate Version of this Bill:
S6525
Current Committee:
Assembly Housing
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §§1111 & 1112, Priv Hous Fin L

2023-A10369 (ACTIVE) - Summary

Relates to preferences under the affordable home ownership development program for veterans with service-related disabilities; defines "veteran with a service-related disability".

2023-A10369 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10369
 
                           I N  A S S E M B L Y
 
                               May 21, 2024
                                ___________
 
 Introduced   by   COMMITTEE  ON  RULES  --  (at  request  of  M.  of  A.
   Bichotte Hermelyn) -- read once and referred to the Committee on Hous-
   ing
 
 AN ACT to amend the private housing finance law, in relation to  prefer-
   ences  under  the  affordable  home  ownership development program for
   veterans with service-related disabilities

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Section 1111 of the private housing finance law is amended
 by adding a new subdivision 9 to read as follows:
   9. "VETERAN WITH A SERVICE-RELATED DISABILITY" SHALL MEAN A PERSON (I)
 WHO SERVED IN THE ACTIVE MILITARY, NAVAL, OR AIR SERVICE, OR WHO  WAS  A
 RECIPIENT  OF  THE  ARMED FORCES EXPEDITIONARY MEDAL, NAVY EXPEDITIONARY
 MEDAL, MARINE CORPS EXPEDITIONARY MEDAL,  OR  GLOBAL  WAR  ON  TERRORISM
 EXPEDITIONARY  MEDAL, AND WHO WAS DISCHARGED OR RELEASED THEREFROM UNDER
 HONORABLE CONDITIONS, (II) HAS BEEN AWARDED A DISABILITY RATING OF FORTY
 PERCENT OR HIGHER FROM THE FEDERAL VETERAN'S ADMINISTRATION OR FROM  THE
 UNITED  STATES DEPARTMENT OF DEFENSE, WHERE THAT DISABILITY WAS INCURRED
 IN THE LINE OF DUTY IN THE ACTIVE MILITARY, NAVAL  OR  AIR  SERVICE,  AS
 DOCUMENTED  ACCORDING  TO RULES AND REGULATIONS TO BE PROMULGATED BY THE
 DIVISION OF HOUSING AND COMMUNITY RENEWAL.
   § 2. Paragraph (a) of subdivision 3 of section  1112  of  the  private
 housing  finance  law, as amended by chapter 898 of the laws of 1986, is
 amended to read as follows:
   (a) Serve the lowest income households in the applicable region and is
 designed to continue to be affordable to such households for a  substan-
 tial  period  of  time  OR SERVE HOUSEHOLDS IN WHICH THE HOME BUYER IS A
 VETERAN WITH A SERVICE-RELATED DISABILITY.
   § 3. This act shall take effect on the ninetieth day  after  it  shall
 have become a law.
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10994-01-3

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