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NY A08792

Bill

Official Source

Status

Introduced

1/12/2022

Primary Sponsor

Karines Reyes

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Clarifies that "appropriate nonprofit organization" means a not-for-profit corporation exempt under Internal Revenue Code sections 501(c)(3) or 502(c)(4) and meeting specified housing or homelessness service criteria
  • Increases the affordable housing income threshold from 50 percent to 60 percent of area median income for income averaging requirements
  • Changes language from "enhance" to "improve" and specifies financing can cover "acquisition and/or conversion" of distressed hotels and commercial office properties
  • Modifies kitchen requirements for converted units from 24-inch to 7-cubic feet capacity refrigerator specifications
  • Changes requirement that 50 percent of converted "properties" to 50 percent of converted "units" be set aside for individuals and families experiencing homelessness

Legislative Description

Makes technical corrections to the housing our neighbors with dignity program.

Last Action

substituted by s7772

4/25/2022

Committee Referrals

Rules4/25/2022
Ways and Means1/25/2022
Housing1/12/2022

Full Bill Text

No bill text available