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Bill > A01967
NY A01967
NY A01967Relates 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
01/13/2021
01/13/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 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
AI Summary
This bill amends the real property tax law to require affordable housing projects, including 421-a projects, to calculate and use the area median income (AMI) for the specific zip code where the project is located in determining affordability. However, for affordable housing projects located in a New York City zip code where the local AMI is higher than the New York City regional AMI as defined by the U.S. Department of Housing and Urban Development (HUD), the regional AMI will be used instead.
Committee Categories
Housing and Urban Affairs
Sponsors (32)
Brian Barnwell (D)*,
Jeffrion Aubry (D),
Charles Barron (D),
Rodneyse Bichotte Hermelyn (D),
Marjorie Byrnes (R),
William Colton (D),
Vivian Cook (D),
Catalina Cruz (D),
Maritza Davila (D),
Carmen De La Rosa (D),
Erik Dilan (D),
Harvey Epstein (D),
Nathalia Ferna´ndez (D),
Mathylde Frontus (D),
Jessica González-Rojas (D),
Andy Goodell (R),
Alicia Hyndman (D),
Latoya Joyner (D),
Ron Kim (D),
Marcela Mitaynes (D),
Yuh-Line Niou (D),
Victor Pichardo (D),
Dan Quart (D),
Karines Reyes (D),
Diana Richardson (D),
José Rivera (D),
Robert Rodriguez (D),
David Rosenthal (D),
Nader Sayegh (D),
Al Taylor (D),
Clyde Vanel (D),
David Weprin (D),
Last Action
referred to housing (on 01/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/A1967 | 01/14/2021 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A01967&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A01967 | 01/14/2021 |
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