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NY A02187

Bill

Official Source

Status

Introduced

1/15/2025

Primary Sponsor

Brian Cunningham

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Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Requires affordable housing programs in cities with populations of one million or more (New York City) to use the lower of two area median income (AMI) calculations: zip code-level AMI or regional AMI

  • Applies only to affordable housing programs initiated after the bill's effective date

  • Overrides any existing laws, rules, or regulations regarding AMI calculations for affected programs

  • Takes effect immediately upon passage

Legislative Description

Establishes that area median income shall be calculated either per each zip code or per region in the city of New York, whichever is lower.

Last Action

referred to housing

1/7/2026

Committee Referrals

Housing1/15/2025

Full Bill Text

No bill text available