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Bill > S01691
NY S01691
NY S01691Establishes that area median income shall be calculated per each zip code in the city of New York.
summary
Introduced
01/15/2019
01/15/2019
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
AN ACT to require all affordable housing programs in a city having a population over one million to calculate the area median income based on the zip code in which the project will be located The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill requires all affordable housing programs in cities with a population over one million to calculate the area median income (AMI) based on the specific zip code where the housing project is located, rather than using a citywide AMI. This change aims to ensure that affordable housing programs accurately reflect the income levels of the local community and target resources more effectively.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
REFERRED TO CITIES (on 01/08/2020)
Official Document
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