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A03020 Summary:

BILL NO    A03020 

SAME AS    No same as 

SPONSOR    O'Donnell (MS)

COSPNSR    Glick, Brook-Krasny

MLTSPNSR   Gottfried

Add S36-b, Priv Hous Fin L; add S92-gg, St Fin L

Provides that revenues from buyouts of Mitchell-Lama projects, whether
state-aided or municipally-aided, must be used for affordable housing purposes
by the state or the municipality; creates a special state fund, the
Mitchell-Lama buyout affordable housing fund; provides that such fund's
revenues may only be used for housing projects meeting Mitchell-Lama
eligibility criteria.