New York S 6774: Defines probable aggregate annual income for the tenant's eligibility under guidelines set for housing authority

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S06774 Summary:

BILL NOS06774 

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SAME ASNo Same As

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SPONSORJACKSON

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COSPNSRSALAZAR

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MLTSPNSR

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Amd §156, Pub Hous L; amd §§31 & 85-a, Priv Hous Fin L

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Defines "probable aggregate annual income" for purposes of determining eligibility for limited profit and limited dividend housing companies, as the annual net income after federal, state and municipal income taxes are deducted from gross income of the chief wage earner.

Go to top S06774 Actions:

BILL NOS06774 

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03/24/2025REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

01/07/2026REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Go to topS06774 Committee&nbspVotes:

Go to topS06774 Floor&nbspVotes:

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

Go to topS06774 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6774

 2025-2026 Regular Sessions

 IN SENATE

 March 24, 2025
 ___________

 Introduced by Sens. JACKSON, SALAZAR -- read twice and ordered printed,
 and when printed to be committed to the Committee on Housing,
 Construction and Community Development

 AN ACT to amend the public housing law and the private housing finance
 law, in relation to defining probable aggregate annual income

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

 1 Section 1. The closing paragraph of subdivision 1 of section 156 of
 2 the public housing law, as amended by chapter 893 of the laws of 1974,
 3 is amended to read as follows:
 4 c. The "probable aggregate annual income" means the annual net income
 5 [of the chief wage earner of the family] after federal, state and munic-
 6 ipal income taxes are deducted from the gross income of the chief wage
 7 earner plus all other income of other members of the family over the
 8 age of twenty-one years, plus a proportion of the income of members
 9 under the age of twenty-one years to be determined by the authority
 10 solely for the purpose of establishing rent to be paid except that the
 11 authority may exclude a proportion of the income of other members of the
 12 family over the age of twenty-one years for the purpose of determining
 13 eligibility for admission or continued occupancy, or for establishing
 14 rental of such family, or for all such purposes, subject to approval by
 15 the commissioner with respect to state projects.
 16 § 2. Paragraph (a) of subdivision 2 of section 31 of the private hous-
 17 ing finance law, as amended by section 1 of subpart G of part XX of
 18 chapter 55 of the laws of 2020, is amended to read as follows:
 19 (a) The dwelling or non-housekeeping accommodations without board in a
 20 company project shall be available for persons or families of low income
 21 whose probable aggregate annual income at the time of admission and
 22 during the period of occupancy does not exceed, the greater of (i) the
 23 median income for such persons or families for the metropolitan statis-
 24 tical area in which the project is located, or if a project is located

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11248-01-5

 S. 6774 2

 1 outside a metropolitan statistical area, the median income for such
 2 persons or families for the county in which the project is located, as
 3 most recently determined by the United States department of housing and
 4 urban development, in which case any person or family becoming eligible
 5 for admission pursuant to this subparagraph shall pay, from the time of
 6 admission, a rental surcharge as provided for in subdivision three of
 7 this section, computed on the basis of the income limitations applicable
 8 to such persons or families in the absence of this subparagraph, or (ii)
 9 eight times the rental, including the value or cost to them of heat,
 10 light, water and cooking fuel, of the dwellings that may be furnished to
 11 such persons or families, except that in the case of families with three
 12 or more dependents, such ratio shall not exceed nine to one. Persons or
 13 families with two or less dependents eligible for admission or continued
 14 occupancy pursuant to subparagraph (ii) of this paragraph or subpara-
 15 graph (ii) of this paragraph pri