Bill Text: NY S08053 | 2019-2020 | General Assembly | Introduced

---

Bill Title: Establishes the sustainable affordable housing incentive program to provide assistance in the form of payments, grants and loans for reasonable and necessary expenses to an eligible applicant for sustainable housing activities; defines terms.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-03-13 - REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT [S08053 Detail]

Download: New_York-2019-S08053-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          8053

                    IN SENATE

                                     March 13, 2020
                                       ___________

        Introduced  by Sen. KAVANAGH -- read twice and ordered printed, and when
          printed to be committed to the Committee on Housing, Construction  and
          Community Development

        AN  ACT  to amend the private housing finance law, in relation to estab-
          lishing the sustainable affordable housing incentive program

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

     1    Section  1. The private housing finance law is amended by adding a new
     2  article 31 to read as follows:
     3                                ARTICLE XXXI
     4              SUSTAINABLE AFFORDABLE HOUSING INCENTIVE PROGRAM
     5  Section 1280. Statement of legislative findings and purpose.
     6          1281. Definitions.
     7          1282. Sustainable affordable housing incentive program.
     8    § 1280. Statement of legislative findings and purpose. The legislature
     9  finds and declares that climate change is having  a  significant  impact
    10  upon  our  environment, health, and safety and it is necessary to imple-
    11  ment programs and policies that immediately reduce greenhouse gas  emis-
    12  sions.  The  legislature  further  finds  that  residential housing is a
    13  source for such emissions and we can only address climate  change  in  a
    14  meaningful  manner  if  we  change  our  practices and behaviors as they
    15  relate to the construction of and improvements to such housing, such  as
    16  the  use  of environmentally-sensitive design and the construction prac-
    17  tices and materials; the installation of energy efficient products;  and
    18  access  to  renewable  energy  sources.    Establishing a new program to
    19  encourage and publicly subsidize more environmentally-friendly practices
    20  and materials will reduce greenhouse gas emissions from multi-unit hous-
    21  ing throughout New York state and help address climate change for future
    22  generations.
    23    § 1281. Definitions. For the purposes of this article,  the  following
    24  terms shall have the following meanings:
    25    1.  "Corporation" shall mean the housing trust fund corporation estab-
    26  lished in section forty-five-a of this chapter.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15831-01-0
        S. 8053                             2

     1    2. "Sustainable affordable housing activities" shall  mean  activities
     2  by  an eligible applicant for a specific work or series of works for the
     3  creation, preservation or improvement of affordable housing  which  will
     4  reduce greenhouse gas emissions through the use of design, construction,
     5  materials  and  products,  and  access  to renewable energy sources that
     6  exceed a greenhouse gas emissions baseline for such housing,  as  deter-
     7  mined  by the corporation in consultation with the New York state energy
     8  research and development corporation.
     9    3. "Eligible applicant" shall mean  a  not-for-profit  corporation  or
    10  charitable  organization,  or a wholly-owned subsidiary of such a corpo-
    11  ration or organization, or a private  for-profit  developer  such  as  a
    12  person, corporation, partnership or limited liability company.
    13    4.  "Affordable  residential development" shall mean a multiple family
    14  dwelling which is subject to a regulatory agreement with a local, state,
    15  or federal government entity.
    16    § 1282. Sustainable affordable housing incentive  program.  1.  Within
    17  amounts  appropriated  or  otherwise available therefor, the corporation
    18  shall develop and administer a sustainable affordable housing  incentive
    19  program  which  shall provide assistance in the form of payments, grants
    20  and loans for reasonable and necessary expenses to an eligible applicant
    21  for sustainable housing activities.
    22    2. The corporation shall develop procedures, criteria and requirements
    23  related to the application  and  award  of  projects  pursuant  to  this
    24  section  which  shall include:   eligibility, market demand, feasibility
    25  and funding criteria; the funding determination process; supervision and
    26  evaluation of contracting applicants; reporting, budgeting  and  record-
    27  keeping  requirements;  provisions  for  modification and termination of
    28  contracts; and such other matters not inconsistent with the purposes and
    29  provisions of this article as the corporation shall  deem  necessary  or
    30  appropriate.
    31    § 2. This act shall take effect immediately.