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NY S08131
Bill
Status
Introduced
6/10/2010
Primary Sponsor
Martin Dilan
Click for details
AI Summary
- Increases the income-to-rent ratio for low-income housing eligibility from seven times annual rental costs to eight times annual rental costs
- Increases the income-to-rent ratio for families with three or more dependents from eight to one to nine to one
- Allows persons or families to qualify based on the greater of either median income for their metropolitan statistical area (or county if outside a metropolitan area) or the specified rent multiplier ratios
- Requires a rental surcharge for those who become eligible under the median income standard, calculated based on income limitations without that standard
- Takes effect on the sixtieth day after enactment
Legislative Description
Relates to the aggregate annual income of low income persons or families eligible for accommodations in a company project.
Last Action
SUBSTITUTED BY A11408
8/3/2010
Committee Referrals
Rules8/3/2010
Housing, Construction, and Community Development6/10/2010
Full Bill Text
No bill text available