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Bill > S06850
NY S06850
NY S06850Authorizes labor unions to work with the city of New York to finance the construction of affordable housing for its members.
summary
Introduced
05/11/2023
05/11/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the private housing finance law, in relation to labor union financed housing
AI Summary
This bill authorizes the city of New York to enter into a cooperative partnership with any labor union representing its employees to finance the construction of affordable housing exclusively for the members of that union. The housing units must be occupied by city employees whose combined income is less than 125% of the area median income, and the lease or rental agreement cannot be extended if the income criteria are no longer met.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT (on 01/03/2024)
Bill Topics
Community Development and Housing Issues
- ‐ Housing and Community Development for Low and Middle Income Persons
Labor and Employment
- ‐ Employee Relations, Unions, and Collective Bargaining
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/2023/S6850 | 05/11/2023 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S06850&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S06850 | 05/11/2023 |
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