New York State Assembly

 
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A04775 Summary:

A04775 Actions:

A04775 Committee Votes:

Committee:HOUSING   Chair:Cymbrowitz      
DATE:04/25/2017AYE/NAY:26/0  Action: Favorable         
Cymbrowitz
Aye
Fitzpatrick
Aye
Cook
Aye
Raia
Aye
Rosenthal
Aye
Graf
Aye
Kavanagh
Aye
Johns
Aye
Kearns
Aye
Walter
Aye
Moya
Aye
Castorina
Aye
Rodriguez
Aye
Finch
Excused
Sepulveda
Aye
Morinello
Aye
Mosley
Aye
Kim
Aye
Pichardo
Aye
Walker
Aye
Joyner
Aye
Blake
Excused
Dilan
Aye
Bichotte
Aye
Davila
Aye
Barron
Aye
De La Rosa
Aye
Niou
Aye

A04775 Floor Votes:

A04775 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          4775
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 3, 2017
                                       ___________
 
        Introduced  by M. of A. BLAKE, SIMON, PICHARDO, MOSLEY, BUCHWALD -- read
          once and referred to the Committee on Housing
 
        AN ACT to amend the private housing finance law, in  relation  to  addi-
          tional information required in annual reports for limited-profit hous-
          ing companies

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 32-b of the private housing finance law,  as  added
     2  by chapter 216 of the laws of 1978, is amended to read as follows:
     3    § 32-b. Annual reports. The commissioner shall, on or before the first
     4  day  of July in each year, submit a report to the legislature, the state
     5  comptroller, and the attorney general on the implementation  of  article
     6  two  of  this chapter by the commissioner and the supervising agency and
     7  the policy included therein. Such report shall include and not be limit-
     8  ed to rent and carrying charge levels, changes therein, operation of the
     9  state capital grant program and federal subsidy programs, tax  abatement
    10  levels,  total  capital  outlay,  amortization, mortgage interest rates,
    11  income levels served by the housing, surcharge billings and  collections
    12  and  use  of  surcharge  revenues, and vacancy rates.  Such report shall
    13  also include information regarding any  limited-profit  housing  company
    14  that  has  voluntarily dissolved in the preceding calendar year, and any
    15  limited-profit housing company that has filed  a  notice  of  intent  to
    16  dissolve  in  the  current  calendar  year with the commissioner and the
    17  supervising agency. This information shall include, but not  be  limited
    18  to,  the name and address of the development, the number of units in the
    19  development, a range of amounts of rent offered in the development,  the
    20  number  of  tenants  in the development, the current vacancy rate in the
    21  development, income levels served  by  the  development,  how  long  the
    22  limited-profit  housing company has participated in the program, and any
    23  sales or transfers that have occurred since the  limited-profit  housing
    24  company  was  created.  For  the  purpose  of preparing such report, the
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00442-01-7
        A. 4775                             2
 
     1  commissioner may request, and shall receive, from  any  municipality  or
     2  supervising agency such data as he deems necessary or desirable and such
     3  municipality  or  supervising  agency  shall  furnish the requested data
     4  within sixty days of such request.
     5    § 2. This act shall take effect immediately.