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Bill > A06568
NY A06568
NY A06568Establishes that area median income shall be calculated per each zip code in the city of New York.
summary
Introduced
03/12/2019
03/12/2019
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 that any affordable housing program initiated after the effective date of this act in cities with a population of one million or more must use an area median income proportional to the zip code in which the program is located, rather than a citywide area median income. The bill is intended to address the issue of varying income levels across different neighborhoods within a large city like New York.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
Last Action
referred to housing (on 01/08/2020)
Official Document
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