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Bill > A05130


NY A05130

NY A05130
Initiates a four-year moratorium on the dissolution of any urban rental Mitchell-Lama company and establishes a Mitchell-Lama housing program study.


summary

Introduced
02/07/2019
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 private housing finance law, in relation to initiating a five-year moratorium on the dissolution of any urban rental Mitchell-Lama company, and in relation to establishing the implementation of a Mitchell-Lama housing program study; and providing for the repeal of certain provisions upon expiration thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1

AI Summary

This bill initiates a four-year moratorium on the dissolution of any urban rental Mitchell-Lama company, which is a type of affordable housing program in New York. It also establishes a Mitchell-Lama housing program study to be conducted by the New York State Homes and Community Renewal agency, in consultation with the New York City Department of Housing Preservation, to provide recommendations for the expansion, sustainability, and reform of the Mitchell-Lama program to address the affordable housing needs of New York's growing population.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

referred to housing (on 01/08/2020)

bill text


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