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A05525 Summary:

BILL NOA05525
 
SAME ASNo Same As
 
SPONSORBrown K
 
COSPNSR
 
MLTSPNSR
 
Add §602-a, Priv Hous Fin L
 
Requires five percent of affordable housing units to be offered to veterans.
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A05525 Actions:

BILL NOA05525
 
03/16/2023referred to housing
01/03/2024referred to housing
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A05525 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A5525
 
SPONSOR: Brown K
  TITLE OF BILL: An act to amend the private housing finance law, in relation to requir- ing five percent of affordable housing units to be offered to veterans   PURPOSE: Requires five percent of affordable housing units to be offered to veterans.   SUMMARY OF SPECIFIC PROVISIONS: Section 1: The private housing finance law is amended by adding a new 2 section 602-a. Section 2: Identifies effective date.   JUSTIFICATION: The veterans who fought for the U.S. in wars from World War II to Afghanistan face a huge range of housing challenges. Approximately one third of all homeless Americans are veterans. Veterans with untreated PTSD can develop alcohol-and drug addictions, which are high-risk behav- iors that can lead to deteriorating mental health and homelessness. In other situations, disabled, under-employed, or unemployed veterans cannot afford adequate housing or home ownership. These challenges often come on top of already trying conditions for ex-service men and women, such as post-traumatic stress disorder (PTSD) and the difficulty of adjusting to life outside the military. New York can, and should, take steps to help ensure our veterans have safe affordable housing and access to homeownership; especially after all the sacrifices veterans make for our nation and state. The bill would create a program offering a minimum, five percent of affordable housing units built by such compa- nies, corporations and programs to go to veterans.   LEGISLATIVE HISTORY: 2021-22: A.10255   FISCAL IMPLICATIONS: None   EFFECTIVE DATE: This act shall take effect immediately.
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A05525 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5525
 
                               2023-2024 Regular Sessions
 
                   IN ASSEMBLY
 
                                     March 16, 2023
                                       ___________
 
        Introduced by M. of A. K. BROWN -- read once and referred to the Commit-
          tee on Housing
 
        AN  ACT to amend the private housing finance law, in relation to requir-
          ing five percent of affordable housing units to be offered to veterans
 
          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  section 602-a to read as follows:
     3    § 602-a.   Housing for  veterans.  All  companies,  corporations,  and
     4  programs  subject  to  the  provisions of this chapter shall offer, at a
     5  minimum, five percent of affordable housing units built by  such  compa-
     6  nies  corporations  and  programs  to  veterans, as such term is defined
     7  pursuant to section eighty-five of the civil service law.
     8    § 2. This act shall take effect immediately.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06299-01-3
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