Bill Text: NY A06183 | 2019-2020 | General Assembly | Introduced

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Bill Title: Includes mixed residential and commercial property within the provisions of the affordable home ownership development program thus authorizing the affordable housing corporation to fund the construction or rehabilitation of housing that also contains a commercial retailing business.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Introduced - Dead) 2020-01-08 - referred to housing [A06183 Detail]

Download: New_York-2019-A06183-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          6183
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 28, 2019
                                       ___________
        Introduced  by  M. of A. FITZPATRICK, TAGUE, SALKA -- Multi-Sponsored by
          -- M. of A.  MANKTELOW -- read once and referred to the  Committee  on
          Housing
        AN  ACT to amend the private housing finance law, in relation to includ-
          ing mixed residential and commercial property within the provisions of
          the affordable home ownership development program
          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  1111  of the private housing
     2  finance law, as added by chapter 67 of the laws of 1985, is  amended  to
     3  read as follows:
     4    1.  "Home" shall mean a one to four family dwelling which has at least
     5  one owner occupant [or], an owner occupied unit in a  cooperative  or  a
     6  condominium  or  a  one  to  four family dwelling which has at least one
     7  owner occupant and contains an area which may be utilized for a  commer-
     8  cial  retailing business provided that the portion of the payment, grant
     9  or loan financed by the corporation for such commercial  facility  shall
    10  not exceed twenty-five percent of the total payment, grant or loan.
    11    §  2.    Subdivision  6 of section 1111 of the private housing finance
    12  law, as amended by chapter 898 of the laws of 1986, is amended  to  read
    13  as follows:
    14    6.  "Rehabilitation"  or "home improvement" shall mean all work neces-
    15  sary to bring a structure into compliance with all applicable  laws  and
    16  regulations  including  but not limited to the installation, replacement
    17  or repair of heating, plumbing, electrical and related systems  and  the
    18  elimination of all hazardous and immediately hazardous violations in the
    19  structure  in  accordance  with  state and local laws and regulations of
    20  state and local agencies. Rehabilitation or home  improvement  may  also
    21  include  reconstruction  or  work to improve the habitability or prolong
    22  the useful life of residential property or mixed residential and commer-
    23  cial property.
    24    § 3. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06002-01-9