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S06761 Summary:

BILL NOS06761
 
SAME ASSAME AS A02187
 
SPONSORJACKSON
 
COSPNSRCLEARE, COMRIE, SANDERS, SEPULVEDA
 
MLTSPNSR
 
 
Establishes that area median income shall be calculated either per each zip code or per region in the city of New York, whichever is lower.
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S06761 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          6761
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                     March 24, 2025
                                       ___________
 
        Introduced  by Sens. JACKSON, CLEARE, COMRIE, SANDERS, SEPULVEDA -- read
          twice and ordered printed, and when printed to  be  committed  to  the
          Committee on Cities 1
 
        AN  ACT to require certain calculations of area median income to be used
          by all affordable housing programs in a city having  a  population  of
          one million or more

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Notwithstanding any law, rule or regulation to the  contra-
     2  ry,  within  cities  having  a  population  of  one million or more, any
     3  affordable housing program initiated after the effective  date  of  this
     4  act  shall  use  the lower of the area median income proportional to the
     5  zip code in which the program is located or  the  regional  area  median
     6  income in which the program is located.
     7    § 2. This act shall take effect immediately.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01963-01-5
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