Bill
Bill > A02015
NY A02015
NY A02015Relates to requiring affordable housing projects to calculate and only use the area median income for the specific county that the project is located in for determining affordability.
summary
Introduced
01/14/2021
01/14/2021
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 county that the project is located in for determining affordability
AI Summary
This bill requires affordable housing projects to calculate and use only the area median income (AMI) for the specific county where the project is located, rather than a broader geographic area, for determining affordability. The bill amends the real property tax law to specify that AMI shall be based solely on the county where the project is located when calculating affordability. This change aims to ensure that affordable housing requirements are tailored to the income levels of the local community where the project is situated.
Committee Categories
Housing and Urban Affairs
Sponsors (2)
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/A2015 | 01/15/2021 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A02015&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A02015 | 01/15/2021 |
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