S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2979
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 20, 2015
                                      ___________
       Introduced  by  M.  of  A.  FITZPATRICK, GIGLIO, HAWLEY -- read once and
         referred to the Committee on Housing
       AN ACT to amend the private housing finance law, in relation to  prefer-
         ences under 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.  Paragraph (a) of subdivision 3  of  section  1112  of  the
    2  private  housing  finance  law, as amended by chapter 898 of the laws of
    3  1986, is amended to read as follows:
    4    (a) Serve the lowest income households in the applicable region and is
    5  designed to continue to be affordable to such households for a  substan-
    6  tial  period  of  time  OR  SERVE  HOUSEHOLDS IN WHICH THE HOME BUYER IS
    7  EMPLOYED AS A POLICE OFFICER, FIREFIGHTER OR TEACHER, PROVIDED THAT SUCH
    8  HOME IS LOCATED WITHIN THE BOUNDARIES OF THE AREA SERVED BY  THE  POLICE
    9  DEPARTMENT,  FIRE  DEPARTMENT,  OR  ELEMENTARY OR SECONDARY SCHOOL WHERE
   10  SUCH PERSON IS SO EMPLOYED. AS USED IN THIS PARAGRAPH: "POLICE  OFFICER"
   11  SHALL  MEAN  A PERSON WHO IS CURRENTLY EMPLOYED AS A SWORN OFFICER OF AN
   12  AUTHORIZED POLICE DEPARTMENT OR FORCE OF A CITY, TOWN OR VILLAGE; "FIRE-
   13  FIGHTER" SHALL MEAN A PERSON WHO IS CURRENTLY EMPLOYED  ON  A  PERMANENT
   14  BASIS AS AN OFFICER OR MEMBER OF AN ORGANIZED FIRE DEPARTMENT OF A CITY,
   15  TOWN, VILLAGE OR FIRE DISTRICT; AND "TEACHER" SHALL MEAN A PERSON WHO IS
   16  CURRENTLY  EMPLOYED IN A TEACHING CAPACITY IN AN ELEMENTARY OR SECONDARY
   17  SCHOOL IN THIS STATE,  HAS  GRADUATED  FROM  AN  ACCREDITED  COLLEGE  OR
   18  UNIVERSITY  AND HOLDS A VALID STATE TEACHING CERTIFICATE ISSUED PURSUANT
   19  TO ARTICLE SIXTY-ONE OF THE EDUCATION LAW.
   20    S 2. This act shall take effect on the  thirtieth day after  it  shall
   21  have become a law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD05755-01-5