Assembly Bill A8601

2023-2024 Legislative Session

Establishes the manufactured home community preservation act

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-A8601 (ACTIVE) - Details

See Senate Version of this Bill:
S7770
Current Committee:
Assembly Housing
Law Section:
Private Housing Finance Law
Laws Affected:
Add Art 20-A §§1125 - 1127, Priv Hous Fin L; amd §2429-b, Pub Auth L

2023-A8601 (ACTIVE) - Summary

Establishes the manufactured home community preservation act to provide financial and technical assistance, within funds available to counties, municipalities, rural preservation companies, and other non-profit housing organizations for their housing preservation efforts; provides that funds in the mortgage insurance fund can be used to provide financial support to local governments and eligible non-profit housing organizations.

2023-A8601 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8601
 
                           I N  A S S E M B L Y
 
                             January 12, 2024
                                ___________
 
 Introduced  by M. of A. WOERNER -- read once and referred to the Commit-
   tee on Housing
 
 AN ACT to amend the private housing finance law, in relation  to  estab-
   lishing the manufactured home community preservation act; and to amend
   the  public  authorities law, in relation to the distribution of funds
   in the mortgage insurance fund

   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
 article 20-A to read as follows:
                               ARTICLE XX-A
               MANUFACTURED HOME COMMUNITY PRESERVATION ACT
 SECTION 1125. DEFINITIONS.
         1126. STATE MOBILE AND MANUFACTURED HOME  COMMUNITIES  PRESERVA-
                 TION PROGRAM.
         1127. FINANCIAL   SUPPORT   TO  ACQUIRE  DEVELOPMENT  RIGHTS  OR
                 PURCHASE MOBILE HOME AND MANUFACTURED HOME PARKS.
   § 1125. DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE:
   1. "DEVELOPMENT RIGHTS" MEANS THE RIGHTS OF THE FEE  SIMPLE  OWNER  TO
 DEVELOP,  CONSTRUCT  ON,  DIVIDE,  SELL,  LEASE, OR OTHERWISE CHANGE THE
 PROPERTY FROM ITS CURRENT USE AS A  MOBILE  HOME  OR  MANUFACTURED  HOME
 PARK, OR OTHER AFFORDABLE HOUSING OPTION AS PERMITTED BY THE LAND COVEN-
 ANT  AT THE TIME OF SALE. DEVELOPMENT RIGHTS INCLUDE THE EXERCISE OF THE
 OWNER'S RIGHTS TO SELL OR GRANT EASEMENTS OR RIGHTS  OF  WAY,  OR  OTHER
 RIGHTS IF BY THAT EXERCISE THE USE OF THE LAND AS A MOBILE HOME OR MANU-
 FACTURED  HOME  PARK  IS  DIMINISHED;  PROVIDED,  HOWEVER, THAT THE TERM
 "DEVELOPMENT RIGHTS" SHALL NOT INCLUDE THE RIGHTS OF THE OWNER TO  SELL,
 LEASE,  OR OTHERWISE IMPROVE THE LAND TO PRESERVE, MAINTAIN, OPERATE, OR
 CONTINUE THE LAND AS A MOBILE HOME OR  MANUFACTURED  HOME  PARK  OR  ALL
 OTHER  CUSTOMARY  RIGHTS AND PRIVILEGE OF OWNERSHIP, INCLUDING THE RIGHT
 TO PRIVACY.
   2. "CURRENT PROPERTY VALUE" MEANS THE FAIR MARKET VALUE OF A  PROPERTY
 THAT  IS  RESTRICTED  BY  AN EASEMENT OR COVENANT TO ITS USE AS A MOBILE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11580-01-3
              

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