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
No co-sponsors yet.
History
- Referred to rules
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S8501
Title of bill
An act to amend the private housing finance law, in relation to deter- mining eligibility for admission to certain limited-profit housing company accommodations
Purpose
The purpose of this bill is to increase the income limitations of fami- lies that would be eligible for Mitchell-Lama housing.
Summary of provisions
This bill would amend paragraph (e) of subdivision 2 of section 31 of the private housing finance law by removing the requirement that fami- lies must have two or more dependents to be eligible for Mitchell-Lama housing, if their probable aggregate annual income does not exceed one hundred twenty five percent of the average median income for the area.
Justification
Current law states that families with two or more dependants whose prob- able aggregate annual income does not exceed one hundred and twenty-five percent of average median income are eligible for Mitchell-Lama housing, provided they pay a rental surcharge. This bill would simply alter the provision to eliminate the requirement that those applicants have two or more dependents. This bill would make Mitchell-Lama housing developments accessible to more middle income families, and preserve the program's original intent.
Legislative history
New bill.
Fiscal implications
None.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.