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NY A03109

NY A03109
Relates to requiring affordable housing projects to calculate and only use the area median income for the specific zip code that the project is located in for determining affordability.


summary

Introduced
01/28/2019
In Committee
01/08/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

2019-2020 General Assembly

Bill Summary

AN ACT to amend the real property tax law, in relation to requiring affordable housing projects to calculate and only use the area median income for the specific zip code that the project is located in for determining affordability The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1

AI Summary

This bill amends the real property tax law to require affordable housing projects, including but not limited to 421-a projects, to calculate and use the area median income (AMI) solely based on the specific zip code where the project is located. However, for affordable housing projects in the five counties that make up New York City, if the AMI for the specific zip code is higher than the New York City Region AMI as defined by the U.S. Department of Housing and Urban Development (HUD), the project must use the New York City Region AMI instead.

Committee Categories

Housing and Urban Affairs

Sponsors (36)

Carmen Arroyo (OTHER)* Jeffrion Aubry (D)* Brian Barnwell (D)* Charles Barron (D)* Rodneyse Bichotte Hermelyn (D)* William Colton (D)* Vivian Cook (D)* Carmen De La Rosa (D)* Erik Dilan (D)* Alicia Hyndman (D)* Ellen Jaffee (D)* Latoya Joyner (D)* Michael Miller (D)* Walter Mosley (D)* Victor Pichardo (D)* Dan Quart (D)* Diana Richardson (D)* José Rivera (D)* Robert Rodriguez (D)* David Rosenthal (D)* Rebecca Seawright (D)* Aravella Simotas (D)* Al Taylor (D)* Clyde Vanel (D)* David Weprin (D)* Tremaine Wright (D)* Marjorie Byrnes (R),  Catalina Cruz (D),  Maritza Davila (D),  Michael DenDekker (D),  Nathalia Ferna´ndez (D),  Mathylde Frontus (D),  Andy Goodell (R),  Tony Palumbo (R),  Karines Reyes (D),  Nader Sayegh (D), 

Last Action

referred to housing (on 01/08/2020)

bill text


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