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History
- Referred to social services
- Referred to social services
Companion bill
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Establishes a revolving loan program whereby short term loans are made available to families receiving public assistance who are in danger of homelessness by reason of eviction; appropriation
In Assembly Committee · Social Services · Sponsor Vito Lopez
Full text
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Sponsor's memo
Title of bill
An act to amend the social services law and the state finance law, in relation to establishing a revolving loan program whereunder short term loans are made available to families receiving public assistance who are threatened with eviction; and making an appropriation therefor
Purpose
This bill establishes a revolving loan program whereby short term loans are made available to families receiving public assistance who are in danger of homelessness by reason of eviction. Appropriates $3 million.
Summary of provisions
Article 2-A of the social services law is amended by adding a new title 5, which establishes and sets parameters for the Revolving Loan Program.
Justification
Each month hundreds of families enter the shelter system in New York City alone. That number would be even higher if those who are doubled up with other families were counted. Homelessness destabilizes families, which creates other problems, including difficulty for children in getting to school and meeting assignments, increased substance abuse, increased risks of domestic violence, and difficulty with obtaining and maintaining employment. Many families become homeless because of a temporary cash flow problem, often caused by unexpected medical bills or a death in the family. Instead of paying over $30,000 a year to house a family in a homeless shelter, the State could pay $600 to a landlord and keep that family in its apartment. Further, the State would recoup that loan through deductions from the families public assistance grant.
Legislative history
2007/2008: S.2857 - Referred to Finance 2005/2006: S.2249 - Died in Committee 2003/2004: S.3864 - Died in Committee 2001/2002: S.7279 -Died in Committee 1999/2000: A.2580 - Died in Committee 1997/1998: A.1315 - Died in Committee 1995/1996: A.2578 - Died in Committee 1993/1994: A.5449 - Died in Committee
Fiscal implications
$3 million to be taken from the general fund.
Effective date
January 1, 2010.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.