This bill has been amended

Bill S5281A-2009

Requires notice to the local housing agency when construction is halted on a project for which an application for a certain tax exemption has been made

Requires notification to be given to the New York City Department of Housing Preservation in the event that construction on a project for which an application for a certain tax exemption has been made ceases for a period exceeding one hundred twenty days.

Details

Actions

  • Jun 15, 2010: SUBSTITUTED BY A8125A
  • Jun 14, 2010: ADVANCED TO THIRD READING
  • Jun 10, 2010: 2ND REPORT CAL.
  • Jun 9, 2010: 1ST REPORT CAL.841
  • Jan 6, 2010: REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
  • Jul 16, 2009: SUBSTITUTED BY A8125A
  • Jun 3, 2009: ADVANCED TO THIRD READING
  • Jun 2, 2009: 2ND REPORT CAL.
  • Jun 1, 2009: 1ST REPORT CAL.516
  • May 28, 2009: PRINT NUMBER 5281A
  • May 28, 2009: AMEND (T) AND RECOMMIT TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
  • Apr 27, 2009: REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Votes

VOTE: COMMITTEE VOTE: - Housing, Construction and Community Development - Jun 7, 2010
Ayes (5): Espada, Hassell-Thompson, Krueger, Diaz, Squadron
Nays (3): Bonacic, Leibell, Young

Memo

 BILL NUMBER:  S5281A

TITLE OF BILL :

An act to amend the real property tax law, in relation to requiring notification to be given to the local housing agency in the event that cessation of construction on a project for which an application for a certain tax exemption has been made equals or exceeds one hundred twenty days

PURPOSE :

To require applicants under the 421-a tax abatement program to provide written notice to the local housing agency when construction ceases for a period exceeding one hundred twenty days.

SUMMARY OF PROVISIONS :

Adds a new subdivision 5-a to Section 421-a of the real property tax law requiring applicants to affirmatively notify the local housing agency in writing when construction ceases for a period exceeding one hundred twenty days, the reasons for the cessation and the date construction is expected to resume.

EXISTING LAW :

Section 421-a real property tax law.

JUSTIFICATION :

When affordable housing building projects are halted, communities should know about this loss of housing. Projects that cease construction without explanation leave neighbors questioning whether the excavation in their midst will ever conclude and provide the needed housing and improvements that were promised when the project was approved. Requiring the developer to provide notice when construction ceases and when it will resume will help assuage these concerns and provide some level of assurance that the project will be completed in a reasonable period of time.

LEGISLATIVE HISTORY : New Bill.

FISCAL IMPLICATIONS : None to New York State.

LOCAL FISCAL IMPLICATIONS : None.

EFFECTIVE DATE : Immediately.

Text

STATE OF NEW YORK ________________________________________________________________________ 5281--A 2009-2010 Regular Sessions IN SENATE April 27, 2009 ___________
Introduced by Sen. SQUADRON -- read twice and ordered printed, and when printed to be 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 amend the real property tax law, in relation to requiring notification to be given to the local housing agency in the event that cessation of construction on a project for which an application for a certain tax exemption has been made equals or exceeds one hundred twenty days THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 421-a of the real property tax law is amended by adding a new subdivision 5-a to read as follows: 5-A. IN THE EVENT THAT CONSTRUCTION ON A PROJECT FOR WHICH AN APPLICA- TION FOR TAX EXEMPTION UNDER THIS SECTION HAS BEEN MADE CEASES FOR A PERIOD EXCEEDING ONE HUNDRED TWENTY DAYS, THE APPLICANT FOR THE TAX EXEMPTION SHALL PROVIDE WRITTEN NOTICE TO THE LOCAL HOUSING AGENCY OF THE CESSATION, THE REASONS FOR THE CESSATION AND THE PROJECTED DATE CONSTRUCTION ON THE PROJECT IS TO RESUME. SUCH NOTICE SHALL BE GIVEN PRIOR TO THE EXPIRATION OF THE ONE HUNDRED TWENTY DAY PERIOD. S 2. This act shall take effect immediately.

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