Senate Bill S4960

2023-2024 Legislative Session

Provides for calculating the area median income for affordable housing programs in a city with a population of one million or more

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Sponsored By

Current 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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co-Sponsors

2023-S4960 - Details

See Assembly Version of this Bill:
A3342
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
New York City
Versions Introduced in Other Legislative Sessions:
2017-2018: S4455
2019-2020: S1691, A6568
2021-2022: S2621, A7145

2023-S4960 - Summary

Establishes that area median income shall be calculated either per each zip code or per region in the city of New York, whichever is lower.

2023-S4960 - Sponsor Memo

2023-S4960 - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4960
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             February 17, 2023
                                ___________
 
 Introduced by Sens. JACKSON, CLEARE, SEPULVEDA -- read twice and ordered
   printed, and when printed to be committed to the Committee on Cities 1
 
 AN  ACT  to  require  all affordable housing programs in a city having a
   population over one million to calculate the area median income  based
   on the zip code in which the project will be located

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Notwithstanding any law, rule or regulation to the  contra-
 ry,  within  cities  having  a  population  of  one million or more, any
 affordable housing program initiated after the effective  date  of  this
 act  shall  use  an  area  median income proportional to the zip code in
 which the program is located.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07357-01-3

co-Sponsors

2023-S4960A (ACTIVE) - Details

See Assembly Version of this Bill:
A3342
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
New York City
Versions Introduced in Other Legislative Sessions:
2017-2018: S4455
2019-2020: S1691, A6568
2021-2022: S2621, A7145

2023-S4960A (ACTIVE) - Summary

Establishes that area median income shall be calculated either per each zip code or per region in the city of New York, whichever is lower.

2023-S4960A (ACTIVE) - Sponsor Memo

2023-S4960A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  4960--A
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             February 17, 2023
                                ___________
 
 Introduced by Sens. JACKSON, CLEARE, SEPULVEDA -- read twice and ordered
   printed, and when printed to be committed to the Committee on Cities 1
   --  recommitted to the Committee on Cities 1 in accordance with Senate
   Rule 6, sec. 8 -- reported favorably from said committee and committed
   to the Committee on Housing, Construction and Community Development --
   committee discharged, bill amended, ordered reprinted as  amended  and
   recommitted to said committee
 
 AN  ACT to require certain calculations of area median income to be used
   by all affordable housing programs in a city having  a  population  of
   one million or more
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Notwithstanding any law, rule or regulation to the  contra-
 ry,  within  cities  having  a  population  of  one million or more, any
 affordable housing program initiated after the effective  date  of  this
 act  shall  use  the lower of the area median income proportional to the
 zip code in which the program is located or  the  regional  area  median
 income in which the program is located.
   § 2. This act shall take effect immediately.
 
 
 
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07357-02-4

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