Bill Text: NY A06439 | 2023-2024 | General Assembly | Introduced

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Bill Title: Expands the provisions of the urban development action area act by amending the definition of municipality and eligible area to include any city instead of specifically applying to a city with one million or more.

Spectrum: Partisan Bill (Republican 9-0)

Status: (Introduced) 2024-01-03 - referred to local governments [A06439 Detail]

Download: New_York-2023-A06439-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          6439

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                     April 10, 2023
                                       ___________

        Introduced by M. of A. FITZPATRICK, DiPIETRO, J. M. GIGLIO, RA, TAGUE --
          Multi-Sponsored  by  --  M. of A. BARCLAY, DeSTEFANO, MANKTELOW, McDO-
          NOUGH -- read once and referred to the Committee on Local Governments

        AN ACT to amend the general municipal law, in relation to expanding  the
          provisions of the urban development action area act

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

     1    Section 1. Subdivisions 2 and 3 of section 692 of the general  munici-
     2  pal law, subdivision 2 as amended by chapter 555 of the laws of 1994 and
     3  subdivision 3 as amended by chapter 492 of the laws of 2002, are amended
     4  to read as follows:
     5    2. "Municipality". A city [having a population of one hundred thousand
     6  or more] and the town of Huntington.
     7    3. "Eligible area". Real property, title to which is held by a munici-
     8  pality.  Provided,  however,  that  [in  a city of one million or more,]
     9  property that the city conveys by deed made pursuant to  a  judgment  of
    10  foreclosure  in  an  in rem tax lien foreclosure proceeding, or property
    11  whose conveyance is caused by, or the result of, the city's  foreclosure
    12  of  a tax lien thereon, including property to which title has not vested
    13  in the city, which is then acquired by a  third  party,  shall  also  be
    14  deemed  an  eligible area under this article. Provided further, however,
    15  that in a city of one million or more, property that has  been  acquired
    16  by the federal government as the result of the foreclosure of a mortgage
    17  loan  insured  or held by the federal government shall also be deemed an
    18  eligible area under this article. Provided further, however,  that  real
    19  property consisting of two contiguous acres or more of wooded land which
    20  exists  as  substantially  undeveloped  at the time this article becomes
    21  effective shall not be included as an eligible area for purposes of this
    22  article.
    23    § 2. Subdivision 2 of section 696-d of the general municipal  law,  as
    24  added by chapter 680 of the laws of 1996, is amended to read as follows:

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08599-01-3
        A. 6439                             2

     1    2.  Notwithstanding  the  provisions  of any general, special or local
     2  law, the agency [in a city having a population of one million  or  more]
     3  is  hereby  authorized  to make or contract to make mortgage loans or to
     4  participate with another lender in the making of mortgage loans for  the
     5  development  of  any  neighborhood  improvement project that such agency
     6  determines to be an improvement  associated  with  the  construction  or
     7  rehabilitation  of private or multiple dwellings. Real property assisted
     8  with a loan pursuant to this section shall be located: (i) in  an  urban
     9  development  action  area;  (ii)  in  proximity  to an urban development
    10  action area; or (iii) in proximity to an urban development  action  area
    11  project  for  which the area designation requirement was waived pursuant
    12  to section six hundred ninety-three of this article.
    13    § 3. This act shall take effect immediately.