New York S 6761: Provides for calculating the area median income for affordable housing programs in N.Y. city

Bill Text

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S06761 Summary:

BILL NOS06761 

&nbsp

SAME ASSAME AS A02187

&nbsp

SPONSORJACKSON

&nbsp

COSPNSRCLEARE, COMRIE, SANDERS, SEPULVEDA

&nbsp

MLTSPNSR

&nbsp

&nbsp

Establishes that area median income shall be calculated either per each zip code or per region in the city of New York, whichever is lower.

Go to top S06761 Actions:

BILL NOS06761 

&nbsp

03/24/2025REFERRED TO CITIES 1

05/06/2025REPORTED AND COMMITTED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

01/07/2026REFERRED TO CITIES 1

Go to topS06761 Committee&nbspVotes:

Go to topS06761 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS06761 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6761

 2025-2026 Regular Sessions

 IN SENATE

 March 24, 2025
 ___________

 Introduced by Sens. JACKSON, CLEARE, COMRIE, SANDERS, SEPULVEDA -- read
 twice and ordered printed, and when printed to be committed to the
 Committee on Cities 1

 AN ACT to require certain calculations of area median income to be used
 by all affordable housing programs in a city having a population of
 one million or more

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

 1 Section 1. Notwithstanding any law, rule or regulation to the contra-
 2 ry, within cities having a population of one million or more, any
 3 affordable housing program initiated after the effective date of this
 4 act shall use the lower of the area median income proportional to the
 5 zip code in which the program is located or the regional area median
 6 income in which the program is located.
 7 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01963-01-5

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