Senate Bill S4968

2023-2024 Legislative Session

Defines probable aggregate annual income for the tenant's eligibility under guidelines set for housing authority

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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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2023-S4968 (ACTIVE) - Details

See Assembly Version of this Bill:
A2179
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Public Housing Law
Laws Affected:
Amd §156, Pub Hous L; amd §§31 & 85-a, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: A833
2011-2012: S3118, A1285
2013-2014: S1823, A618
2015-2016: S3570, A124
2017-2018: S2378, A2497
2019-2020: S3357, A3247
2021-2022: S2017, A3274

2023-S4968 (ACTIVE) - Summary

Defines "probable aggregate annual income" for purposes of determining eligibility for limited profit and limited dividend housing companies, as the annual net income after federal, state and municipal income taxes are deducted from gross income of the chief wage earner.

2023-S4968 (ACTIVE) - Sponsor Memo

2023-S4968 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4968
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             February 17, 2023
                                ___________
 
 Introduced  by Sens. JACKSON, SALAZAR -- 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 public housing law and the private housing finance
   law, in relation to defining probable aggregate annual income

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The  closing paragraph of subdivision 1 of section 156 of
 the public housing law, as amended by chapter 893 of the laws  of  1974,
 is amended to read as follows:
   C.  The "probable aggregate annual income" means the annual NET income
 [of the chief wage earner of the family] AFTER FEDERAL, STATE AND MUNIC-
 IPAL INCOME TAXES ARE DEDUCTED FROM THE GROSS INCOME OF THE  CHIEF  WAGE
 EARNER  plus  all other   income of other members of the family over the
 age of twenty-one years, plus a proportion  of  the  income  of  members
 under  the  age  of  twenty-one  years to be determined by the authority
 solely for the purpose of establishing rent to be paid except  that  the
 authority may exclude a proportion of the income of other members of the
 family  over  the age of twenty-one years for the purpose of determining
 eligibility for admission or continued occupancy,  or  for  establishing
 rental  of such family, or for all such purposes, subject to approval by
 the commissioner with respect to state projects.
   § 2. Paragraph (a) of subdivision 2 of section 31 of the private hous-
 ing finance law, as amended by section 1 of subpart  G  of  part  XX  of
 chapter 55 of the laws of 2020, is amended to read as follows:
   (a) The dwelling or non-housekeeping accommodations without board in a
 company project shall be available for persons or families of low income
 whose  probable  aggregate  annual  income  at the time of admission and
 during the period of occupancy does not exceed, the greater of  (i)  the
 median  income for such persons or families for the metropolitan statis-
 tical area in which the project is located, or if a project  is  located
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01005-01-3
              

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