What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
1 Co-sponsor
History
- Substituted by A11324
- Advanced to third reading
- 2nd report cal.
- 1st report cal.893
- Referred to housing, construction and community development
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to the reporting requirements under and the effectiveness of the low income housing trust fund program
Signed by Governor · Sponsor Vito Lopez
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S8073
Title of bill
An act to amend chapter 199 of the laws of 2008 amending the private housing finance law relating to the low income housing trust fund program, in relation to reporting by the housing trust fund corporation and the effectiveness of such provisions
Purpose or general idea of bill
The purpose of this bill is to extend a program administered by the Housing Trust Fund Corporation to rehabilitate housing in distressed communities.
Summary of specific provisions
This bill would extend a program administered by the Housing Trust Fund corporation to rehabilitate housing in distressed communities until July 1, 2011. It would also require a report on the units assisted under the Low Income Housing Trust Fund to the chairs of the Assembly Housing Committee and the Senate Housing, Construction and Community Development on an annual basis.
Effects of present law which this bill would alter
This bill would amend sections 4 and 5 of chapter 199 of the laws of 2008 amending the private housing finance law.
Justification
The Housing Trust Fund Corporation has provided housing to distressed communities in the State of New York for many years. This legislation would ensure that this corporation continues to be of assistance to those who are in need of housing. It also requires that the corporation provide a report to the Legislature on an annual basis on the units assisted by the Low Income Housing Trust Fund, to show the progress of housing affordability in New York.
Prior legislative history
This is new legislation.
Fiscal implications for state and local governments
None to the State.
Effective date
This act shall take effect immediately; provided, however, that, sections one, two and four of this act shall expire and be deemed repealed July 1, 2011; provided further, however that any awards made prior to such repeal date shall remain in effect on and after such date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.