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NY A11320

Bill

Status

Passed

7/15/2010

Primary Sponsor

Vito Lopez

Click for details

Origin

Assembly

2009-2010 General Assembly

AI Summary

  • Amends subdivision 2 of section 1111 of the private housing finance law to expand the definition of "eligible applicant" for the affordable home ownership development program
  • Adds public benefit corporations formed to assist particular municipalities with housing, community development, or renewal needs as eligible applicants
  • Maintains existing eligible applicants including cities, towns, villages, housing development fund companies, not-for-profit corporations, charitable organizations, and municipal housing authorities
  • Clarifies that counties may serve as eligible applicants when acting as administrators of programs or in other capacities permitted by law
  • Takes effect immediately upon enactment

Legislative Description

Expands the definition of eligible applicant for the affordable home ownership development program to include a public benefit corporation formed to assist particular municipalities with their housing, community development or renewal needs.

Last Action

signed chap.202

7/15/2010

Committee Referrals

Rules6/15/2010
Rules6/7/2010
Housing6/2/2010

Full Bill Text

No bill text available