Bill

Bill > S07770


NY S07770

NY S07770
Establishes the manufactured home community preservation act to provide financial and technical assistance, within funds available to counties, municipalities, rural preservation companies, and other non-profit housing organizations for their housing preservation efforts; provides that funds in the mortgage insurance fund can be used to provide financial support to local governments and eligible non-profit housing organizations.


summary

Introduced
11/27/2023
In Committee
01/03/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the private housing finance law, in relation to establishing the manufactured home community preservation act; and to amend the public authorities law, in relation to the distribution of funds in the mortgage insurance fund

AI Summary

This bill establishes the Manufactured Home Community Preservation Act, which provides financial and technical assistance to counties, municipalities, rural preservation companies, and other non-profit housing organizations for their housing preservation efforts. The bill also allows the funds in the Mortgage Insurance Fund to be used to provide financial support to local governments and eligible non-profit housing organizations to acquire the development rights or outright purchase of mobile home and manufactured home parks. This includes assisting with the relocation of residents and/or their mobile or manufactured homes to other locations within the state.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT (on 01/03/2024)

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