Source: https://www.nysenate.gov/legislation/bills/2017/S802
Timestamp: 2020-02-20 09:04:11
Document Index: 91501436

Matched Legal Cases: ['§ 2', '§ 3', '§ 4', '§  5', '§ 6', '§ 7', '§  8']

NY State Senate Bill S802
senate Bill S802
Authorizes study of housing programs for low and middle income families
Get Status Alerts for S802
Jan 04, 2017 referred to housing, construction and community development
S802 (ACTIVE) - Details
2009-2010: S2171
2011-2012: S1309
2013-2014: S508
2015-2016: S3611
2019-2020: S1126
S802 (ACTIVE) - Summary
S802 (ACTIVE) - Sponsor Memo
BILL NUMBER:  S802
TITLE OF BILL :  An act to direct the division of housing and
community renewal to study state and locally aided housing programs
and make recommendations for the preservation, modernization and
increase in the supply of such housing; to amend the private housing
dissolution of limited profit, limited dividend and redevelopment
housing companies; and providing for the repeal of certain provisions
This legislation would establish a temporary moratorium, expiring at
the end of 2013, on the dissolution of any state or locally aided
housing company, without the consent. This moratorium would enable the
NYS Division of Housing and Community Renewal (DHCR) to complete its
work and make recommendations
Sections 2, 3 and 4 requires DHCR to conduct a study of state and
locally funded low and middle income housing programs. The DHCR is
required to report back to the Governor and the Legislature within one
year with its findings, conclusions and recommendations and propose
legislation to implement its recommendations. Including those that
currently allow housing companies to withdraw from programs.
Section 5 amends Section 35 of the private housing finance law by
adding a new subdivision 5 which provides that notwithstanding any
provision of this section, no company shall be voluntarily dissolved
without the consent of the commissioner or supervising agency, as the
case may be, until December 31, 2013.
Section 6 amends Section 96 of the private housing finance law by
adding subdivision 3 which provides that notwithstanding any other
provisions of this section, no company shall be voluntarily dissolved
or terminated, without the consent of the commissioner until December
Section 7 amends Section 123 of the private housing finance law by
adding subsection 8 which provides that notwithstanding any other
provision of this section, no redevelopment company shall dissolve or
terminate without the consent of the local legislative body until
New York State is in the throes of an affordable housing crisis, with
the unmet need for affordable housing presently greater than at any
time in the state's history. Among other factors fueling the erosion
of our affordable housing stock is the fact that thousands of
Mitchell-Lama and other state and locally aided, limited equity
cooperative and rental apartments are facing extinction.
being rendered unaffordable due to statutory provisions allowing
owners to dissolve such housing companies without reimbursing the
government for the enhanced value made possible by its contributions.
the end of 2012, on the dissolution of any state or locally aided
housing company, without governmental consent. This moratorium would
enable the DHCR to complete its work and make recommendations to the
2015-2016: Referred to Housing, Construction and Community Development
2010: S.2171/A.9969 (Died in Senate Housing/Died in Assembly Housing)
2009: S.2171/A.6706 (Died in Senate Rules/Died in Assembly Housing)
This act shall take effect immediately, with provisions
S802 (ACTIVE) - Bill Text download pdf
AN ACT to direct the division of housing and community renewal to  study
state  and locally aided housing programs and make recommendations for
the preservation, modernization and increase in  the  supply  of  such
housing;  to  amend  the  private  housing finance law, in relation to
providing a moratorium on the voluntary dissolution of limited profit,
limited dividend and redevelopment housing  companies;  and  providing
Section 1. Legislative intent.  New York state and its localities have
invested for more than a half century in the creation of low and  middle
income  housing to benefit those most in need and to the general benefit
of state and local economies. In many cases such housing has fallen into
disrepair or is being  lost  as  affordable  housing  due  to  statutory
provisions allowing owners to dissolve housing companies. The unmet need
for  affordable  housing  is  presently  greater than at any time in the
state's history. A temporary moratorium on the dissolution of any  hous-
ing  company  is  necessary  for  the  division of housing and community
renewal to complete its work and make recommendations.
§ 2. The division of housing and community renewal shall  undertake  a
to  the preservation, modernization and expansion of the number of hous-
LBD00027-01-7
S. 802                              2
§ 3. The division of housing and community renewal shall make a report
§ 4. To the maximum extent  feasible,  the  division  of  housing  and
§  5.  Section  35  of  the  private housing finance law is amended by
OR SUPERVISING AGENCY, AS THE CASE MAY BE.
§ 6. Section 96 of the private  housing  finance  law  is  amended  by
3.  NOTWITHSTANDING  ANY  OTHER  PROVISION OF THIS SECTION, NO COMPANY
§ 7. Section 123 of the private housing  finance  law  is  amended  by
8.  NOTWITHSTANDING ANY OTHER PROVISION OF THIS SECTION, NO REDEVELOP-
MENT COMPANY SHALL DISSOLVE OR TERMINATE, WITHOUT  THE  CONSENT  OF  THE
LOCAL LEGISLATIVE BODY.
§  8.  This act shall take effect immediately; provided, that sections
twenty-four months after it shall have become a law.