What's happening
This bill raises the income eligibility limits for low-income housing in New York by increasing the income-to-rent ratio thresholds.
Why it matters
Expanding eligibility for low-income housing means more working families and individuals could qualify for affordable units. , potentially reducing housing insecurity for those whose incomes previously put them just above the cutoff.
Raising the income-to-rent ratio from seven to eight times rent (and from eight to nine for larger families) reflects the reality of rising rents and stagnant wages. , making it easier for people with moderate but still limited incomes to access subsidized housing.
This change could affect the composition of tenants in low-income housing. , allowing slightly higher-income residents to move in, which may foster more economically diverse communities but could also increase competition for limited affordable units.
The bill recognizes the need for updated standards in response to economic changes. , signaling ongoing legislative attention to housing affordability and the evolving needs of New York’s population.
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Who cares
Headline styles
Expand Housing Income Limits
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to housing, construction and community development
- Delivered to senate
- Passed assembly
- Ordered to third reading cal.395
- Returned to assembly
- Died in senate
- Referred to housing, construction and community development
- Delivered to senate
- Passed assembly
- Advanced to third reading cal.222
- Reported
- Referred to housing
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
5560
2017-2018 Regular Sessions
IN ASSEMBLY
February 10, 2017
Introduced by M. of A. CYMBROWITZ -- read once and referred to the Committee on Housing
AN ACT to amend the private housing finance law, in relation to the aggregate annual income of low income persons or families eligible for accommodations in a company project
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Paragraph (a) of subdivision 2 of section 31 of the private housing finance law, as amended by chapter 260 of the laws of 1996, is amended to read as follows:
(a) The dwelling or non-housekeeping accommodations without board in a company project shall be available for persons or families of low income whose probable aggregate annual income at the time of admission and during the period of occupancy does not exceed, the greater of (i) the median income for such persons or families for the metropolitan statistical area in which the project is located, or if a project is located outside a metropolitan statistical area, the median income for such persons or families for the county in which the project is located, as most recently determined by the United States department of housing and urban development, in which case any person or family becoming eligible for admission pursuant to this subparagraph shall pay, from the time of admission, a rental surcharge as provided for in subdivision three of this section, computed on the basis of the income limitations applicable to such persons or families in the absence of this subparagraph, or (ii) [seven] eight times the rental, including the value or cost to them of heat, light, water and cooking fuel, of the dwellings that may be furnished to such persons or families, except that in the case of families with three or more dependents, such ratio shall not exceed [eight] nine to one. The "probable aggregate annual income" in the case of dwelling accommodations means the annual income of the chief wage earner of the family, plus all other income of other members of the family over
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09571-01-7
A. 5560 2
the age of twenty-one years, plus a proportion of income of gainfully employed members under the age of twenty-one years, the proportion to be determined by the company as approved by the commissioner or the supervising agency, as the case may be, excluding therefrom a deduction of fifteen thousand dollars from the income of secondary wage earners of the family or a larger deduction if approved by the commissioner or the supervising agency, as the case may be, except that the company, as approved by the commissioner or the supervising agency, as the case may be, may exclude a proportion of the income of other members of the family over the age of twenty-one years for the purpose of determining eligibility for admission or continued occupancy, or for establishing the rental of such family, or for all such purposes; in the case of such non-housekeeping accommodations it means the annual income of the occupant, provided that the commissioner or supervising agency, as the case may be, may make rules and regulations relative to the allocation of the income of a family among the members thereof for the purpose of determining the income attributable to such occupant.
§ 2. This act shall take effect immediately.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.