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A05027 Summary:

BILL NOA05027
 
SAME ASNo Same As
 
SPONSORO'Donnell
 
COSPNSRGlick
 
MLTSPNSRGottfried
 
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.
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