Bill Text: NY S00802 | 2017-2018 | General Assembly | Introduced

---

Bill Title: Authorizes the state division of housing and community renewal to study housing programs for low and middle income families, and provides for a moratorium on the voluntary dissolution of limited profit, limited dividend and redevelopment housing companies.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2018-01-03 - REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT [S00802 Detail]

Download: New_York-2017-S00802-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________
                                           802
                               2017-2018 Regular Sessions
                    IN SENATE
                                     January 4, 2017
                                       ___________
        Introduced by Sen. ALCANTARA -- read twice and ordered printed, and when
          printed  to be committed to the Committee on Housing, Construction and
          Community Development
        AN ACT to direct the division of housing and community renewal to  study
          state  and locally aided housing programs and make recommendations for
          the preservation, modernization and increase in  the  supply  of  such
          housing;  to  amend  the  private  housing finance law, in relation to
          providing a moratorium on the voluntary dissolution of limited profit,
          limited dividend and redevelopment housing  companies;  and  providing
          for the repeal of certain provisions upon expiration thereof
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Legislative intent.  New York state and its localities have
     2  invested for more than a half century in the creation of low and  middle
     3  income  housing to benefit those most in need and to the general benefit
     4  of state and local economies. In many cases such housing has fallen into
     5  disrepair or is being  lost  as  affordable  housing  due  to  statutory
     6  provisions allowing owners to dissolve housing companies. The unmet need
     7  for  affordable  housing  is  presently  greater than at any time in the
     8  state's history. A temporary moratorium on the dissolution of any  hous-
     9  ing  company  is  necessary  for  the  division of housing and community
    10  renewal to complete its work and make recommendations.
    11    § 2. The division of housing and community renewal shall  undertake  a
    12  comprehensive study of the present status of state and locally aided low
    13  and middle income housing programs and make recommendations with respect
    14  to  the preservation, modernization and expansion of the number of hous-
    15  ing units provided by such programs. Such recommendations shall include,
    16  but not be limited to, methods that may be employed by state  and  local
    17  governments  to  retain  and  expand the existing inventory of state and
    18  locally aided low and middle income  housing  so  as  to  preserve  such
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00027-01-7
        S. 802                              2
     1  inventory  of affordable housing for the persons and families such hous-
     2  ing is designed to serve.
     3    § 3. The division of housing and community renewal shall make a report
     4  to  the  governor  and  the legislature of its findings, conclusions and
     5  recommendations no later than one year after the effective date of  this
     6  act  and  shall  submit with its report such legislative proposals as it
     7  deems necessary to implement its recommendations.
     8    § 4. To the maximum extent  feasible,  the  division  of  housing  and
     9  community  renewal  shall  be  entitled to request and receive and shall
    10  utilize and be provided with such facilities, resources and data of  any
    11  court,  department, division, board, bureau, commission or agency of the
    12  state or any political subdivision thereof as it may reasonably  request
    13  to carry out properly its responsibilities pursuant to this act.
    14    §  5.  Section  35  of  the  private housing finance law is amended by
    15  adding a new subdivision 5 to read as follows:
    16    5. Notwithstanding any other provision of  this  section,  no  company
    17  shall  be voluntarily dissolved, without the consent of the commissioner
    18  or supervising agency, as the case may be.
    19    § 6. Section 96 of the private  housing  finance  law  is  amended  by
    20  adding a new subdivision 3 to read as follows:
    21    3.  Notwithstanding  any  other  provision of this section, no company
    22  shall be voluntarily dissolved or terminated, without the consent of the
    23  commissioner.
    24    § 7. Section 123 of the private housing  finance  law  is  amended  by
    25  adding a new subdivision 8 to read as follows:
    26    8.  Notwithstanding any other provision of this section, no redevelop-
    27  ment company shall dissolve or terminate, without  the  consent  of  the
    28  local legislative body.
    29    §  8.  This act shall take effect immediately; provided, that sections
    30  five, six and seven of this act shall  expire  and  be  deemed  repealed
    31  twenty-four months after it shall have become a law.