Bill S755-2011

Includes mixed residential and commercial property within the affordable home ownership program

Includes mixed residential and commercial property within the provisions of the affordable home ownership development program thus authorizing the affordable housing corporation to fund the construction or rehabilitation of housing that also contains a commercial retailing business.

Details

Actions

  • May 30, 2012: referred to housing
  • May 30, 2012: DELIVERED TO ASSEMBLY
  • May 30, 2012: PASSED SENATE
  • May 14, 2012: ADVANCED TO THIRD READING
  • May 9, 2012: 2ND REPORT CAL.
  • May 8, 2012: 1ST REPORT CAL.715
  • Jan 18, 2012: REPORTED AND COMMITTED TO FINANCE
  • Jan 4, 2012: REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
  • Jan 4, 2012: returned to senate
  • Jan 4, 2012: died in assembly
  • Jun 15, 2011: referred to housing
  • Jun 15, 2011: DELIVERED TO ASSEMBLY
  • Jun 15, 2011: PASSED SENATE
  • Jun 14, 2011: ORDERED TO THIRD READING CAL.1200
  • Jun 13, 2011: COMMITTEE DISCHARGED AND COMMITTED TO RULES
  • May 24, 2011: REPORTED AND COMMITTED TO FINANCE
  • Jan 5, 2011: REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Votes

VOTE: COMMITTEE VOTE: - Housing, Construction and Community Development - May 24, 2011
Ayes (7): Young, Bonacic, Gallivan, Grisanti, Ritchie, Diaz, Krueger
Ayes W/R (1): Espaillat
VOTE: COMMITTEE VOTE: - Housing, Construction and Community Development - Jan 18, 2012
Ayes (8): Young, Bonacic, Gallivan, Grisanti, Ritchie, Espaillat, Diaz, Krueger

Memo

BILL NUMBER:S755

TITLE OF BILL:

An act to amend the private housing finance law, in relation to including mixed residential and commercial property within the provisions of the affordable home ownership development program

PURPOSE:

To authorize the Affordable Housing Corporation to fund the construction or rehabilitation of housing that also contains a commercial retailing business.

SUMMARY OF PROVISIONS:

This bill amends the definition of "home" contained in Section 1111 (1) of the Private Housing Finance Law to authorize the Affordable Housing Corporation to provide funds for the construction or rehabilitation of one- to four-family dwellings which have at least one owner occupant and which may contain an area utilized for commercial retailing business.

JUSTIFICATION:

Currently, the Affordable Home Ownership Development Program provides eligible applicants funds for the construction or rehabilitation of one- to four-family owner occupied housing. The program, though, makes no provision for funding of residential dwellings that contain ground level retail stores with the store owner living in another housing unit within the building. By authorizing this type of housing development, the State would be encouraging home ownership opportunities with entrepreneurial activities. This type of program could have an especially vital impact in blighted areas because it would help revitalize neighborhoods from both a housing and an economic growth perspective.

LEGISLATIVE HISTORY: 2009-2010: S.1096/A.4283 Referred to Housing, Construction & Community Development 2007-2008: S.359/A.4026 Referred to Housing, Construction & Community Development 2006: S.6244/A.9585 Reported to 3rd Reading Calendar 2005: A.704/S.6244 Referred to Housing 2003-2004: A.4509 Referred to Housing

FISCAL IMPLICATIONS: None.

EFFECTIVE DATE: This act shall take effect immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ 755 2011-2012 Regular Sessions IN SENATE (PREFILED) January 5, 2011 ___________
Introduced by Sen. YOUNG -- 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 includ- ing mixed residential and commercial property within the provisions of the affordable home ownership development program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 1111 of the private housing finance law, as added by chapter 67 of the laws of 1985, is amended to read as follows: 1. "Home" shall mean a one to four family dwelling which has at least one owner occupant [or], an owner occupied unit in a cooperative or a condominium OR A ONE TO FOUR FAMILY DWELLING WHICH HAS AT LEAST ONE OWNER OCCUPANT AND CONTAINS AN AREA WHICH MAY BE UTILIZED FOR A COMMER- CIAL RETAILING BUSINESS PROVIDED THAT THE PORTION OF THE PAYMENT, GRANT OR LOAN FINANCED BY THE CORPORATION FOR SUCH COMMERCIAL FACILITY SHALL NOT EXCEED TWENTY-FIVE PERCENT OF THE TOTAL PAYMENT, GRANT OR LOAN. S 2. Subdivision 6 of section 1111 of the private housing finance law, as amended by chapter 898 of the laws of 1986, is amended to read as follows: 6. "Rehabilitation" or "home improvement" shall mean all work neces- sary to bring a structure into compliance with all applicable laws and regulations including but not limited to the installation, replacement or repair of heating, plumbing, electrical and related systems and the elimination of all hazardous and immediately hazardous violations in the structure in accordance with state and local laws and regulations of state and local agencies. Rehabilitation or home improvement may also include reconstruction or work to improve the habitability or prolong the useful life of residential property OR MIXED RESIDENTIAL AND COMMER- CIAL PROPERTY. S 3. This act shall take effect immediately.

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