Bill Text: NY A04598 | 2019-2020 | General Assembly | Amended
Bill Title: Provides for preferences under the affordable home ownership development program for service related disabled veterans.
Spectrum: Partisan Bill (Republican 4-0)
Status: (Introduced - Dead) 2020-07-16 - held for consideration in housing [A04598 Detail]
Download: New_York-2019-A04598-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 4598--A 2019-2020 Regular Sessions IN ASSEMBLY February 4, 2019 ___________ Introduced by M. of A. HAWLEY, WALSH, MANKTELOW -- read once and referred to the Committee on Housing -- recommitted to the Committee on Housing in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the private housing finance law, in relation to prefer- ences under the affordable home ownership development program for service related disabled veterans 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 a 7 service related disabled veteran. 8 For purposes of this section, "service related disabled veteran" shall 9 mean a person (i) who served in the active military, naval, or air 10 service, or who was a recipient of the armed forces expeditionary medal, 11 navy expeditionary medal, marine corps expeditionary medal, or global 12 war on terrorism expeditionary medal, and who was discharged or released 13 therefrom under honorable conditions, (ii) has been awarded a disability 14 rating of forty percent or higher from the federal veteran's adminis- 15 tration or from the United States department of defense, where that 16 disability was incurred in line of duty in the active military, naval or 17 air service, as documented according to rules and regulations to be 18 promulgated by the division. 19 § 2. This act shall take effect on the thirtieth day after it shall 20 have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01743-03-0