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Sponsors
1 Co-sponsor
History
- Committee discharged and committed to rules
- Notice of committee consideration - requested
- Referred to housing, construction and community development
- Notice of committee consideration - requested
- 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 determining eligibility for admission to certain limited-profit housing company housing accommodations
In Senate Committee · Housing, Construction And Community Development · Sponsor Sheldon Silver
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S524
Title of bill
An act to amend the private housing finance law, in relation to determining eligibility for admission to certain limited-profit housing company accommodations
Purpose
The purpose of this bill is to increase the income limitations of families 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 families 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 probable 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
2010: S.8501
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.