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NY S08501
Bill
Status
Introduced
10/18/2010
Primary Sponsor
Daniel Squadron
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AI Summary
- Removes the restriction that only families with two or more dependents can qualify for admission to limited-profit housing at 125 percent of standard income limitations
- Expands eligibility to all families whose probable aggregate annual income does not exceed 125 percent of income limitations determined under the private housing finance law
- Requires eligible families to pay a rental surcharge from the time of admission, calculated based on income limitations that would apply without this expanded eligibility provision
- Takes effect immediately upon enactment
Legislative Description
Relates to determining eligibility for admission to certain limited-profit housing company housing accommodations.
Last Action
REFERRED TO RULES
10/18/2010
Committee Referrals
Rules10/18/2010
Full Bill Text
No bill text available