Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 26, 2024 |
referred to housing |
Assembly Bill A9918
2023-2024 Legislative Session
Sponsored By
PEOPLES-STOKES
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
Actions
2023-A9918 (ACTIVE) - Details
- See Senate Version of this Bill:
- S8585
- Current Committee:
- Assembly Housing
- Law Section:
- Private Housing Finance Law
- Laws Affected:
- Add Art 32 §§1290 & 1291, Priv Hous Fin L
2023-A9918 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9918 I N A S S E M B L Y April 26, 2024 ___________ Introduced by M. of A. PEOPLES-STOKES -- read once and referred to the Committee on Housing AN ACT to amend the private housing finance law, in relation to estab- lishing the infill housing pilot program in the city of Buffalo 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 32 to read as follows: ARTICLE XXXII INFILL HOUSING PILOT PROGRAM SECTION 1290. LEGISLATIVE PURPOSE. 1291. INFILL HOUSING PILOT PROGRAM. § 1290. LEGISLATIVE PURPOSE. IT IS HEREBY DECLARED AND FOUND THAT THERE EXISTS ACROSS UPSTATE NEW YORK, AND PARTICULARLY IN THE CITY OF BUFFALO, A SHORTAGE OF AFFORDABLE HOUSING UNITS AVAILABLE FOR PURCHASE. IT IS FURTHER FOUND THAT HOMEOWNERSHIP IS ESSENTIAL FOR BUILDING GENERA- TIONAL WEALTH, AND THAT THE STATE THEREFORE HAS AN INTEREST IN PROMOTING HOMEOWNERSHIP. IN ORDER, FURTHER, TO PROMOTE HOMEOWNERSHIP, IT IS HEREBY DECLARED THAT ADDITIONAL PROVISIONS SHOULD BE MADE TO PROVIDE PUBLIC MONIES FOR THE PURPOSES OF BUILDING TWO THOUSAND ONE- TO TWO- FAMILY HOUSING UNITS IN THE CITY OF BUFFALO FOR PURCHASE BY LOW TO MODERATE INCOME BUYERS LIVING IN OR NEAR THE CENSUS TRACT WHERE THE PROPERTY IS LOCATED. THE NECESSITY IN THE PUBLIC INTEREST FOR THE PROVISIONS OF THIS ARTICLE IS HEREBY DECLARED AS A MATTER OF LEGISLATIVE DETERMI- NATION. § 1291. INFILL HOUSING PILOT PROGRAM. THE DIVISION OF HOUSING AND COMMUNITY RENEWAL SHALL MAKE CAPITAL SUBSIDIES AVAILABLE FOR THE PURPOSES OF BUILDING TWO THOUSAND ONE- TO TWO- FAMILY HOUSING UNITS IN THE CITY OF BUFFALO IN A FIVE YEAR PERIOD. THE COMMISSIONER SHALL PROMULGATE RULES AND REGULATIONS SUFFICIENT FOR THE CREATION OF A NEW PROGRAM FOR THE PURPOSE OF BUILDING SUCH ONE- TO TWO- FAMILY HOUSING UNITS AND SHALL PRIORITIZE FOR DEVELOPMENT VACANT LOTS OWNED BY THE CITY OF BUFFALO. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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