Bill Text: NY A02497 | 2017-2018 | General Assembly | Introduced

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Bill Title: Defines "probable aggregate annual income" for purposes of determining eligibility for limited profit and limited dividend housing companies, as the annual net income after federal, state and municipal income taxes are deducted from gross income of the chief wage earner.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2018-01-03 - referred to housing [A02497 Detail]

Download: New_York-2017-A02497-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          2497
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    January 20, 2017
                                       ___________
        Introduced  by  M.  of  A.  DINOWITZ  --  Multi-Sponsored by -- M. of A.
          FARRELL -- read once and referred to the Committee on Housing
        AN ACT to amend the public housing law and the private  housing  finance
          law, in relation to defining probable aggregate annual income
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. The closing paragraph of subdivision 1 of  section  156  of
     2  the  public  housing law, as amended by chapter 893 of the laws of 1974,
     3  is amended to read as follows:
     4    The "probable aggregate annual income" means the annual net income [of
     5  the chief wage earner of the family] after federal, state and  municipal
     6  income taxes are deducted from the gross income of the chief wage earner
     7  plus  all  other   income of other members of the family over the age of
     8  twenty-one years, plus a proportion of the income of members  under  the
     9  age of twenty-one years to be determined by the authority solely for the
    10  purpose  of  establishing  rent to be paid except that the authority may
    11  exclude a proportion of the income of other members of the  family  over
    12  the  age  of twenty-one years for the purpose of determining eligibility
    13  for admission or continued occupancy, or for establishing rental of such
    14  family, or for all such purposes, subject to approval by the commission-
    15  er with respect to state projects.
    16    § 2. Paragraph (a) of subdivision 2 of section 31 of the private hous-
    17  ing finance law, as amended by chapter 260  of  the  laws  of  1996,  is
    18  amended to read as follows:
    19    (a) The dwelling or non-housekeeping accommodations without board in a
    20  company project shall be available for persons or families of low income
    21  whose  probable  aggregate  annual  income  at the time of admission and
    22  during the period of occupancy does not exceed, the greater of  (i)  the
    23  median  income for such persons or families for the metropolitan statis-
    24  tical area in which the project is located, or if a project  is  located
    25  outside  a  metropolitan  statistical  area,  the median income for such
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03184-01-7
        A. 2497                             2
     1  persons or families for the county in which the project is  located,  as
     2  most  recently determined by the United States department of housing and
     3  urban development, in which case any person or family becoming  eligible
     4  for  admission pursuant to this subparagraph shall pay, from the time of
     5  admission, a rental surcharge as provided for in  subdivision  three  of
     6  this section, computed on the basis of the income limitations applicable
     7  to such persons or families in the absence of this subparagraph, or (ii)
     8  seven  times  the  rental,  including the value or cost to them of heat,
     9  light, water and cooking fuel, of the dwellings that may be furnished to
    10  such persons or families, except that in the case of families with three
    11  or more dependents, such ratio shall not exceed eight to one. The "prob-
    12  able aggregate annual income" in the  case  of  dwelling  accommodations
    13  means  the  annual  net  income [of the chief wage earner of the family]
    14  after federal, state and municipal income taxes are  deducted  from  the
    15  gross  income  of  the chief wage earner, plus all other income of other
    16  members of the family over the age of twenty-one years, plus  a  propor-
    17  tion of income of gainfully employed members under the age of twenty-one
    18  years, the proportion to be determined by the company as approved by the
    19  commissioner  or  the  supervising agency, as the case may be, excluding
    20  therefrom a deduction of fifteen thousand dollars  from  the  income  of
    21  secondary  wage  earners of the family or a larger deduction if approved
    22  by the commissioner or the supervising  agency,  as  the  case  may  be,
    23  except  that  the company, as approved by the commissioner or the super-
    24  vising agency, as the case may be,  may  exclude  a  proportion  of  the
    25  income  of  other members of the family over the age of twenty-one years
    26  for the purpose of determining eligibility for  admission  or  continued
    27  occupancy,  or  for  establishing  the rental of such family, or for all
    28  such purposes; in the case of such  non-housekeeping  accommodations  it
    29  means  the annual income of the occupant, provided that the commissioner
    30  or supervising agency, as the case may be,  may  make  rules  and  regu-
    31  lations  relative  to the allocation of the income of a family among the
    32  members thereof for the purpose of determining the  income  attributable
    33  to such occupant.
    34    § 3. Subdivision 5 of section 85-a of the private housing finance law,
    35  as  amended  by  chapter  182 of the laws of 1997, is amended to read as
    36  follows:
    37    5. The "probable aggregate annual income" means the annual net  income
    38  [of the chief wage earner of the family] after federal, state and munic-
    39  ipal  income  taxes are deducted from the gross income of the chief wage
    40  earner plus all other income of members of the family over  the  age  of
    41  twenty-one  years,  plus a proportion of the income of members under the
    42  age of twenty-one years to be determined by the commissioner,  excluding
    43  therefrom  a  deduction  of  fifteen thousand dollars from the income of
    44  secondary wage earners of the family or a larger deduction  if  approved
    45  by  the  commissioner  or  the  supervising  agency, as the case may be,
    46  except that the company, as approved by the commissioner, may exclude  a
    47  proportion  of the income of other members of the family over the age of
    48  twenty-one years for the purpose of determining eligibility  for  admis-
    49  sion  or  continued  occupancy,  or  for establishing the rental of such
    50  family, or for all such purposes.
    51    § 4.  This act shall take effect on the first of January next succeed-
    52  ing the date on which it shall have become a law.