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Bill > S05382
NY S05382
NY S05382Enacts the New York state senior housing opportunities partnership act and establishes the New York state senior housing opportunities partnership authority; provides that such authority will finance or collaborate in the financing of senior housing opportunities facility projects.
summary
Introduced
04/29/2019
04/29/2019
In Committee
04/29/2019
04/29/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
Enacts the New York state senior housing opportunities partnership act and establishes the New York state senior housing opportunities partnership authority; provides that such authority will finance or collaborate in the financing of senior housing opportunities facility projects.
AI Summary
This bill enacts the New York State Senior Housing Opportunities Partnership Act and establishes the New York State Senior Housing Opportunities Partnership Authority. The authority will finance or collaborate in the financing of senior housing opportunities facility projects, which are defined as any structure or facility used for housing for seniors, including independent living, adult homes, and other associated recreational, educational, and commercial spaces. The authority will have the power to issue bonds and notes, make loans, and provide credit enhancements to senior housing development corporations to support these projects.
Committee Categories
Health and Social Services
Sponsors (1)
Last Action
COMMITTEE DISCHARGED AND COMMITTED TO AGING (on 01/08/2020)
Official Document
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