S524-2011 Actions

• Mar 12, 2012: COMMITTEE DISCHARGED AND COMMITTED TO RULES
• Mar 9, 2012: NOTICE OF COMMITTEE CONSIDERATION - REQUESTED
• Jan 4, 2012: REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
• Apr 5, 2011: NOTICE OF COMMITTEE CONSIDERATION - REQUESTED
• Jan 5, 2011: REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

S524-2011 Memo

BILL NUMBER:S524

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.

S524-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 
                                          524
 2011-2012 Regular Sessions
 I N  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

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