Bill Text: NY A10457 | 2023-2024 | General Assembly | Introduced
Bill Title: Permits certain home repairs to be financed in conjunction with accessibility improvements through the access to home program.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced) 2024-06-04 - substituted by s9699a [A10457 Detail]
Download: New_York-2023-A10457-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 10457 IN ASSEMBLY May 28, 2024 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Woerner) -- (at request of the New York State Homes and Community Renewal) -- read once and referred to the Committee on Housing AN ACT to amend the private housing finance law, in relation to permit- ting certain home repairs to be financed in conjunction with accessi- bility improvements through 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 4 of section 1201 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 4. "Access to home programs" or "programs" shall mean a series of 5 activities by an eligible applicant to administer funds to provide 6 either loans or grants to homeowners and renters and to oversee the 7 adaptation [or], retrofitting or repairs of eligible properties, 8 provided that such repairs are related to the habitability of an eligi- 9 ble property and such repairs are related to the adaptation or retrofit- 10 ting of an eligible property. 11 § 2. Section 1202 of the private housing finance law, as added by 12 chapter 159 of the laws of 2006, is amended to read as follows: 13 § 1202. Access to home contracts. 1. Within the limit of funds avail- 14 able in the access to home program, the corporation is hereby authorized 15 to enter into contracts with eligible applicants to provide financial 16 assistance for the actual costs of an access to home program. Such 17 costs may include the costs of repairs of eligible properties, provided 18 that such repairs are related to the adaptation or retrofitting of such 19 eligible properties, that such repairs are related to the habitability 20 of such eligible properties, and that the access to home funds provided 21 to cover the cost of such repairs does not exceed sixty percent of the 22 access to home program grant or loan. The financial assistance shall be 23 either in the form of grants or loans, as the corporation shall deter- 24 mine. No more than fifty percent of the total amount awarded pursuant to 25 this article in any fiscal year shall be allocated to access to home 26 programs located within any single municipality. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14347-04-4A. 10457 2 1 2. The total payment pursuant to any one contract shall not exceed 2 five hundred thousand dollars and the contract shall provide for 3 completion of the program within a reasonable period, as specified ther- 4 ein, which shall not in any event exceed three years from its commence- 5 ment. Upon request, the corporation may extend the term of the contract 6 for up to two additional one year periods for good cause shown by the 7 eligible applicant. 8 3. The corporation may authorize the eligible applicant to spend up to 9 [seven and a half] ten percent of the contract amount for approved 10 administrative costs associated with administering the program. 11 4. The corporation shall require that, in order to receive funds 12 pursuant to this article, the eligible applicant shall submit a plan 13 which shall include, but not be limited to, program feasibility, impact 14 on the community, budget for expenditure of program funds, a schedule 15 for completion of the program, affirmative action and minority business 16 participation. 17 § 3. Subdivision 5 of section 1271 of the private housing finance law, 18 as added by section 1 of part Y of chapter 56 of the laws of 2018, is 19 amended to read as follows: 20 5. "Access to home for heroes programs" or "programs" shall mean a 21 series of activities by an eligible applicant to administer funds to 22 provide grants to homeowners and renters and to oversee the adaptation 23 [or], retrofitting or repairs of eligible properties, provided that such 24 repairs are related to the habitability of an eligible property and such 25 repairs are related to the adaptation or retrofitting of an eligible 26 property. 27 § 4. Subdivisions 1 and 3 of section 1272 of the private housing 28 finance law, as added by section 1 of part Y of chapter 56 of the laws 29 of 2018, are amended to read as follows: 30 1. Within the limit of funds available in the access to home for 31 heroes program, the corporation is hereby authorized to enter into 32 contracts with eligible applicants to provide financial assistance for 33 the actual costs of an access to home for heroes program. Such costs may 34 include the costs of repairs of eligible properties, provided that such 35 repairs are related to the adaptation or retrofitting of such eligible 36 properties, that such repairs are related to the habitability of such 37 eligible properties, and that the access to home for heroes funds 38 provided to cover the cost of such repairs does not exceed sixty percent 39 of the access to home for heroes program grant or loan. The financial 40 assistance shall be in the form of grants. No more than fifty percent of 41 the total amount awarded pursuant to this article in any fiscal year 42 shall be allocated to access to home programs located within any single 43 municipality. 44 3. The corporation shall authorize the eligible applicant to spend 45 [seven and one-half] ten percent of the contract amount for approved 46 administrative costs associated with administering the program. 47 § 5. This act shall take effect on the ninetieth day after it shall 48 have become a law.
