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NY A06956
Bill
Status
5/9/2023
Primary Sponsor
Deborah Glick
Click for details
AI Summary
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Allows cities with populations of one million or more to exceed the 12.0 floor area ratio (FAR) cap for dwellings converting existing non-residential floor area to residential floor area through local zoning laws, ordinances, or resolutions.
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Requires that at least 40% of units in such converted dwellings be affordable to and occupied by individuals or families with incomes not exceeding 60% of the area median income, with rents adjusted annually according to rent guidelines board guidelines.
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Mandates that conversion work be treated as public work subject to Article 8 of the Labor Law, unless the project is governed by a project labor agreement (pre-hire collective bargaining agreement) between construction users and building and construction trade labor organizations.
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Prohibits conversion of floor area located in interim multiple dwellings that have filed applications for coverage under Article 7-C of the multiple dwelling law and received a docket number from the loft board.
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Prohibits conversion of floor area in joint living-work quarters for artists as defined by city zoning resolution where persons are entitled to occupancy under Article 7-B of the multiple dwelling law.
Legislative Description
Authorizes a city of one million or more to remove the cap on the floor area ratio of certain dwellings being converted from non-residential to residential units; requires that no less than 40% of such units remain affordable for those who are below 60% of the area median income; requires certain labor standards in converting such units; prohibits conversion of floor area ration under certain circumstances.
Last Action
referred to housing
1/3/2024