Bill Text: NY A03109 | 2019-2020 | General Assembly | Introduced

New York Assembly Bill 3109 (Prior Session Legislation)

Introduced

Bill Title: Relates to requiring affordable housing projects to calculate and only use the area median income for the specific zip code that the project is located in for determining affordability.

Spectrum: Strong Partisan Bill (Democrat 33-3)

Status: (Introduced - Dead) 2020-01-08 - referred to housing [A03109 Detail]

Download: New_York-2019-A03109-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          3109
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 28, 2019
                                       ___________
        Introduced  by  M.  of  A.  BARNWELL  --  Multi-Sponsored by -- M. of A.
          ARROYO, AUBRY, BARRON,  BICHOTTE,  COLTON,  COOK,  DE LA ROSA,  DILAN,
          HYNDMAN,  JAFFEE, JOYNER, M. G. MILLER, MOSLEY, PICHARDO, QUART, RICH-
          ARDSON, RIVERA, RODRIGUEZ, SEAWRIGHT, SIMOTAS, TAYLOR, VANEL,  WEPRIN,
          WRIGHT -- read once and referred to the Committee on Housing
        AN  ACT  to  amend  the  real property tax law, in relation to requiring
          affordable housing projects to calculate and only use the area  median
          income  for  the  specific zip code that the project is located in for
          determining affordability
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision 1 of section 421-a of the real property tax law
     2  is amended by adding a new paragraph e to read as follows:
     3    e.  "Area Median Income (AMI)." Whenever calculating the affordability
     4  of a project, AMI shall be based solely on the specific zip  code  where
     5  the project shall be located.
     6    §  2.  All affordable housing projects, including, but not limited to,
     7  421-a projects, shall only use the area  median  income  (AMI)  for  the
     8  specific zip code that the project is located in for determining afford-
     9  ability.   However, for any affordable housing project in the five coun-
    10  ties that make up New York City, including, but not limited to  a  421-a
    11  project,  that  is  being  located  in a zip code where the AMI for that
    12  specific zip code is higher than  the  New  York  City  Region  AMI,  as
    13  defined  by  HUD,  the AMI for the affordability project, including, but
    14  not limited to a 421-a project, will be the AMI that HUD has  determined
    15  to be the New York City Region AMI.
    16    § 3. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02209-01-9