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NY S09699

Bill

Status

Passed

7/25/2024

Primary Sponsor

Brian Kavanagh

Click for details

Origin

Senate

2023-2024 General Assembly

AI Summary

  • Allows home repairs related to habitability to be financed alongside accessibility improvements under the Access to Home program, provided repairs are connected to property adaptation or retrofitting.

  • Limits Access to Home funds used for repair costs to 60 percent of the total grant or loan awarded.

  • Increases the allowable administrative cost spending from 7.5 percent to 10 percent of the contract amount for both the Access to Home and Access to Home for Heroes programs.

  • Maintains the $500,000 maximum contract amount per eligible applicant and requires program completion within three years, with option for two one-year extensions for good cause.

  • Takes effect 90 days after becoming law.

Legislative Description

Permits certain home repairs to be financed in conjunction with accessibility improvements through the access to home program.

Last Action

SIGNED CHAP.212

7/25/2024

Committee Referrals

Ways and Means6/4/2024
Rules6/4/2024
Housing, Construction, and Community Development5/22/2024

Full Bill Text

No bill text available