STATE OF NEW YORK
________________________________________________________________________
9193
IN SENATE
May 12, 2022
___________
Introduced by Sen. HINCHEY -- 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 increas-
ing the timeline for completion and amount spent on emergency home
repairs for low-moderate income senior citizens through the RESTORE
program
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 1262 of the private housing finance law, as added
2 by section 1 of part X of chapter 56 of the laws of 2018, is amended to
3 read as follows:
4 § 1262. Residential emergency services to offer home repairs to the
5 elderly contracts. 1. Within the limit of funds available in the resi-
6 dential emergency services to offer home repairs to the elderly program,
7 the corporation is hereby authorized to enter into contracts with eligi-
8 ble applicants to provide financial assistance for the actual costs of a
9 residential emergency services to offer home repairs to the elderly
10 program. The financial assistance shall be either in the form of grants
11 or loans, as the corporation shall determine. Funds must be used for
12 one- to four-unit dwellings that are owned and occupied by eligible
13 households, and work undertaken cannot exceed [ten] twenty thousand
14 dollars per building. No more than fifty percent of the total amount
15 awarded pursuant to this article in any fiscal year shall be allocated
16 to any residential emergency services to offer home repairs to the
17 elderly program located within any single municipality.
18 2. From the date of the emergency referral, [the eligible applicant
19 has up to five business days to respond and inspect the eligible proper-
20 ty; from the date of the inspection and assessment of emergency repair
21 need, the eligible applicant must start the repairs within fourteen
22 business days;] all repairs must be completed within sixty business days
23 of the start of the repairs provided, however, that the commissioner
24 shall grant the eligible applicant additional time for good cause.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15811-01-2
S. 9193 2
1 3. The total payment pursuant to any one contract shall not exceed
2 five hundred thousand dollars and the contract shall provide for
3 completion of the program within a reasonable period, as specified ther-
4 ein, which shall not in any event exceed three years from its commence-
5 ment. Upon request, the corporation may extend the term of the contract
6 for up to two additional one year periods for good cause shown by the
7 eligible applicant.
8 4. The corporation shall authorize the eligible applicant to spend
9 [seven and one-half] ten percent of the contract amount for approved
10 planning and administrative costs associated with administering the
11 program.
12 § 2. This act shall take effect immediately.
