Bill Text: NY A01912 | 2023-2024 | General Assembly | Introduced

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Bill Title: Authorizes labor unions to work with the city of New York to finance the construction of affordable housing for its members.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Introduced) 2024-01-03 - referred to housing [A01912 Detail]

Download: New_York-2023-A01912-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          1912

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    January 23, 2023
                                       ___________

        Introduced  by  M.  of A. BICHOTTE HERMELYN, JOYNER, TAYLOR -- read once
          and referred to the Committee on Housing

        AN ACT to amend the private housing finance law, in  relation  to  labor
          union financed housing

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. The private housing finance law is amended by adding a  new
     2  section 1154 to read as follows:
     3    §  1154.  Partnership with labor unions.  1. Notwithstanding any other
     4  provision of law to the contrary, the city of New York may enter into  a
     5  cooperative partnership with any collective bargaining unit that repres-
     6  ents  employees  of  such city to finance the construction of affordable
     7  housing for the members of such collective bargaining unit.
     8    2. Any financing for the construction of affordable  housing  pursuant
     9  to  this section shall consist of units that are exclusively occupied by
    10  employees of the city of New York. For purposes of this  subdivision,  a
    11  unit shall be deemed occupied by an employee of the city if at least one
    12  person  residing  in such unit is an employee of the city, such employee
    13  actually resides in the unit for more than fifty percent  of  the  year,
    14  and the combined income of all members residing in the unit is less than
    15  one hundred twenty-five percent of the area median income.
    16    3.  A  lease  or rental agreement of any unit created pursuant to this
    17  section shall not be extended or renewed to any person if  the  criteria
    18  established in subdivision two of this section are no longer satisfied.
    19    § 2. This act shall take effect immediately.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03361-01-3