Bill
Bill > S05020
NY S05020
NY S05020Authorizes labor unions to work with the city of New York to finance the construction of affordable housing for its members.
summary
Introduced
04/03/2019
04/03/2019
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 amend the private housing finance law, in relation to labor union financed housing The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill authorizes the city of New York to enter into a cooperative partnership with labor unions representing city employees to finance the construction of affordable housing exclusively for those employees. The housing units must be occupied by at least one city employee earning less than 125% of the area median income, and leases or rental agreements cannot be extended if the occupancy criteria are no longer met.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT (on 01/08/2020)
Official Document
bill text
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://assembly.state.ny.us/leg/?default_fld=&bn=S05020&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y | 04/04/2019 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S05020&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05020 | 04/04/2019 |
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