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NY A00279
Bill
Status
1/5/2011
Primary Sponsor
Andrew Raia
Click for details
AI Summary
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Requires every state agency rule that increases or decreases costs of constructing, purchasing, owning, or selling single-family residences to include a housing affordability impact note with a reliable dollar estimate of anticipated impact.
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Division of Housing and Community Renewal must prepare housing affordability impact notes within five calendar days of receiving a proposal, or up to 30 days for complex measures with agency approval.
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Notes must be factual, brief, and concise, including immediate effects and long-range effects where determinable, and must include a summary or worksheet of calculations used.
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Division may seek assistance from statewide real estate or home building industry trade organizations in preparing notes, and may file a statement if insufficient information exists for a reliable estimate.
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Notes cannot include opinions on measure merits but may note technical or mechanical defects; applies to all state agencies except Division of Housing and Community Renewal, New York State Housing Finance Agency, and State of New York Mortgage Agency.
Legislative Description
Requires all rules, the purpose or effect of which is to increase or decrease the cost of constructing, purchasing, owning or selling a single family residence, be accompanied by a brief explanatory statement or note that shall include a reliable estimate of the anticipated impact of such rule on housing.
Last Action
referred to governmental operations
1/5/2011