STATE OF NEW YORK
________________________________________________________________________
7863
IN SENATE
January 3, 2024
___________
Introduced by Sen. KAVANAGH -- 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 amount an eligible applicant may spend for approved adminis-
trative costs associated with administering the access to home program
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 3 of section 1202 of the private housing
2 finance law, as added by chapter 159 of the laws of 2006, is amended to
3 read as follows:
4 3. The corporation may authorize the eligible applicant to spend up to
5 [seven and a half] ten percent of the contract amount for approved
6 administrative costs associated with administering the program.
7 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13932-01-3
