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A03410 Summary:

SPONSORBichotte (MS)
COSPNSRMosley, Joyner
Add §1154, Priv Hous Fin L
Authorizes labor unions to work with the city of New York to finance the construction of affordable housing for its members.
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A03410 Actions:

01/29/2019referred to housing
01/08/2020referred to housing
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A03410 Memo:

submitted in accordance with Assembly Rule III, Sec 1(f)
SPONSOR: Bichotte (MS)
  TITLE OF BILL: An act to amend the private housing finance law, in relation to labor union financed housing   PURPOSE OR GENERAL IDEA OF BILL: To provide for the creation of workforce housing for those working fami- lies unable to afford unsubsidized housing because of lack of sufficient income, and unable to qualify for affordable housing because their income exceeds New York City's adjusted median income (AMI).   SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends the private housing finance law by adding a new section 1154 that provides New York City with the ability to finance workforce housing. Section 2 provides that the act shall take effect immediately.   JUSTIFICATION: The newly elected Mayor of the City of New York has committed to the creation of 200,000 units of affordable housing to meet the needs of 46% of its population which can be currently be defined as living in pover- ty. This bill seeks to expand the financing available to meet those goals at a time when Federal subsidies have been• reduced, higher income households at 130% and higher are competing for available safe and sani- tary quality housing, wages are stagnant for unskilled, semi-skilled and entry level professionals and a contingent workforce appears to be the employment paradigm for millennials. The City is at a risk of losing an essential municipal workforce, despite the residency requirements, as well as the service providers for the private sector due to the lack of affordable housing. Many of the individuals who have been marginalized with regard to affordable housing are members of collective bargaining unions. Permitting the collective bargaining organizations to become partners with municipal State and private sector partners to finance and develop affordable housing targeted, in part to their membership and other workers in the private sector would be both a union membership and public benefit.   PRIOR LEGISLATIVE HISTORY: 2017-18: A817; Referred to Housing 2014-2015: A. 6812 2013-14: 57571 - referred to housing, construction and community devel- opment   FISCAL IMPLICATIONS: TBD   EFFECTIVE DATE: Immediately.
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A03410 Text:

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 29, 2019
        Introduced by M. of A. BICHOTTE, MOSLEY, JOYNER -- Multi-Sponsored by --
          M. of A. COOK -- 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.
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