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Bill > S05428
NY S05428
NY S05428Authorizes labor unions to work with the city of New York to finance the construction of affordable housing for its members.
summary
Introduced
03/04/2021
03/04/2021
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
Authorizes labor unions to work with the city of New York to finance the construction of affordable housing for its members.
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 affordable housing units must be occupied by at least one city employee whose combined household income is less than 125% of the area median income, and the lease or rental agreement cannot be extended if the occupancy criteria is no longer met.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT (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/S5428 | 03/05/2021 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S05428&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05428 | 03/05/2021 |
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