Bill Text: NY A03342 | 2023-2024 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Establishes that area median income shall be calculated either per each zip code or per region in the city of New York, whichever is lower.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2024-03-14 - print number 3342a [A03342 Detail]

Download: New_York-2023-A03342-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          3342

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 2, 2023
                                       ___________

        Introduced  by  M.  of  A.  CUNNINGHAM  -- read once and referred to the
          Committee on Housing

        AN ACT to require all affordable housing programs in  a  city  having  a
          population  over one million to calculate the area median income based
          on the zip code in which the project will be located

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1. Notwithstanding any law, rule or regulation to the contra-
     2  ry, within cities having a  population  of  one  million  or  more,  any
     3  affordable  housing  program  initiated after the effective date of this
     4  act shall use an area median income proportional  to  the  zip  code  in
     5  which the program is located.
     6    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07357-01-3