Relates to determining eligibility for admission to certain limited-profit housing company housing accommodations.
TITLE OF BILL: An act to amend the private housing finance law, in relation to determining eligibility for admission to certain limited-profit housing company accommodations
PURPOSE: The purpose of this bill is to increase the income limitations of families that would be eligible for Mitchell-Lama housing.
SUMMARY OF PROVISIONS: This bill would amend paragraph (e) of subdivision 2 of section 31 of the private housing finance law by removing the requirement that families must have two or more dependents to be eligible for Mitchell-Lama housing, if their probable aggregate annual income does not exceed one hundred twenty five percent of the average median income for the area.
JUSTIFICATION: Current law states that families with two or more dependants whose probable aggregate annual income does not exceed one hundred and twenty-five percent of average median income are eligible for Mitchell-Lama housing, provided they pay a rental surcharge. This bill would simply alter the provision to eliminate the requirement that those applicants have two or more dependents. This bill would make Mitchell-Lama housing developments accessible to more middle income families, and preserve the program's original intent.
LEGISLATIVE HISTORY: 2010: S.8501
FISCAL IMPLICATIONS: None.
EFFECTIVE DATE: This act shall take effect immediately.
STATE OF NEW YORK ________________________________________________________________________ 524 2011-2012 Regular Sessions IN SENATE (PREFILED) January 5, 2011 ___________Introduced by Sen. SQUADRON -- 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 deter- mining eligibility for admission to certain limited-profit housing company accommodations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (e) of subdivision 2 of section 31 of the private housing finance law, as added by chapter 729 of the laws of 1974, is amended to read as follows: (e) Notwithstanding the provisions of this subdivision, families
[with two or more dependents]whose probable aggregate annual income does not exceed one hundred twenty-five percent of the limitations as to income as determined pursuant to paragraphs (a) and (b) of this subdivision, shall also be eligible for admission to the dwelling or non-housekeeping accommodations without board of a project on the understanding that any family becoming eligible for admission by reason hereof shall pay, from the time of admission, a rental surcharge as provided for in subdivision three of this section, computed on the basis of the income limitations applicable to such family in the absence of this subdivision. In apply- ing the provisions of subdivision three OF THIS SECTION to a family becoming eligible by reason of this section, the maximum income prescribed by law for admission or occupancy shall for all purposes be computed without reference to this paragraph. S 2. This act shall take effect immediately.EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00445-01-1