Bill Text: NY A10576 | 2019-2020 | General Assembly | Introduced
Bill Title: Establishes an affordable housing five-year capital plan.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2020-06-03 - referred to housing [A10576 Detail]
Download: New_York-2019-A10576-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 10576 IN ASSEMBLY June 3, 2020 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Cymbrowitz) -- read once and referred to the Committee on Housing AN ACT to amend the public housing law, in relation to an affordable housing five-year capital plan The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The public housing law is amended by adding a new section 2 20-a to read as follows: 3 § 20-a. Affordable housing five-year capital plan. 1. For the fiscal 4 year commencing on April first, two thousand twenty-two and every fifth 5 fiscal year thereafter, the governor shall submit to the legislature, as 6 part of the annual executive budget, a statewide comprehensive five-year 7 capital plan to support the development, preservation and capital 8 improvement of affordable housing in New York state. 9 2. The statewide comprehensive five-year capital plan to support the 10 development, preservation and capital improvement of affordable housing 11 in New York state required pursuant to subdivision one of this section 12 shall be developed in consultation with any state department, agency or 13 public authority which administers and/or plans for the development of 14 any program intended to provide suitable housing accommodations which 15 may fall under the purview of the capital plan and shall provide for, at 16 a minimum: the development of supportive housing units; the preservation 17 and/or capital improvement of public housing units of the New York city 18 housing authority and other public housing authorities in the state; the 19 development and/or rehabilitation of affordable housing targeted to 20 low-income seniors; the rehabilitation of site-specific multi-family 21 rental housing currently under a regulatory agreement or extended use 22 agreement with the division of housing and community renewal or another 23 state, federal or local housing agency; the preservation and/or capital 24 improvement of Mitchell-Lama properties; the promotion of home ownership 25 among families of low- and moderate-income; and the repair and/or 26 replacement of mobile and manufactured homes. Such plan shall, to the 27 greatest extent possible: provide for both rental and homeownership 28 opportunities affordable to low- and moderate-income households across EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD16399-02-0A. 10576 2 1 the state; address areas and populations with critical affordable hous- 2 ing needs; and advance the specific housing priorities of New York 3 state. 4 3. On or before September first, two thousand twenty-two and on or 5 before September first annually thereafter, and on or before March 6 first, two thousand twenty-three and on or before March first annually 7 thereafter, the governor shall, as part of the statewide comprehensive 8 five-year capital plan to support the development, preservation and 9 capital improvement of affordable housing in New York state required 10 pursuant to subdivision one of this section and in consultation with the 11 commissioner of housing and community renewal, submit and make publicly 12 available to the legislature and on the division's website information 13 summarizing the activities undertaken pursuant to the funding made 14 available in the enacted affordable housing capital plan. Such informa- 15 tion shall be cumulative and shall include an itemized list of each 16 project utilizing funds appropriated by the affordable housing capital 17 plan subsequent to the enactment of the capital plan, including a brief 18 description of the project, street address, county, awardee, total budg- 19 et, amount of capital subsidy appropriated by the affordable housing 20 capital plan, relevant section of the affordable housing capital plan, 21 bonded or cash, amount of each additional public funding source, funding 22 program, number of units, area median income requirements if applicable, 23 month and year construction will commence, projected date of occupancy, 24 and project phase (in development, engineering, construction, complete, 25 defunded). 26 § 2. This act shall take effect one year after it shall have become a 27 law.