New York S 7181: Authorizes study of housing programs for low and middle income families

Bill Text

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S07181 Summary:

BILL NOS07181 

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SAME ASNo Same As

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SPONSORCLEARE

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COSPNSR

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MLTSPNSR

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Amd §§35, 96 & 123, Priv Hous Fin L

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Authorizes the state division of housing and community renewal to study housing programs for low and middle income families; provides for a moratorium on the voluntary dissolution of limited profit, limited dividend and redevelopment housing companies.

Go to top S07181 Actions:

BILL NOS07181 

&nbsp

04/03/2025REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

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

Go to topS07181 Committee&nbspVotes:

Go to topS07181 Floor&nbspVotes:

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

Go to topS07181 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7181

 2025-2026 Regular Sessions

 IN SENATE

 April 3, 2025
 ___________

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

 AN ACT to direct the division of housing and community renewal to study
 state and locally aided housing programs and make recommendations for
 the preservation, modernization and increase in the supply of such
 housing; to amend the private housing finance law, in relation to
 providing a moratorium on the voluntary dissolution of limited profit,
 limited dividend and redevelopment housing companies; and providing
 for the repeal of certain provisions upon expiration thereof

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

 1 Section 1. Legislative intent. New York state and its localities have
 2 invested for more than a half century in the creation of low and middle
 3 income housing to benefit those most in need and to the general benefit
 4 of state and local economies. In many cases such housing has fallen into
 5 disrepair or is being lost as affordable housing due to statutory
 6 provisions allowing owners to dissolve housing companies. The unmet need
 7 for affordable housing is presently greater than at any time in the
 8 state's history. A temporary moratorium on the dissolution of any hous-
 9 ing company is necessary for the division of housing and community
 10 renewal to complete its work and make recommendations.
 11 § 2. The division of housing and community renewal shall undertake a
 12 comprehensive study of the present status of state and locally aided low
 13 and middle income housing programs and make recommendations with respect
 14 to the preservation, modernization and expansion of the number of hous-
 15 ing units provided by such programs. Such recommendations shall include,
 16 but not be limited to, methods that may be employed by state and local
 17 governments to retain and expand the existing inventory of state and
 18 locally aided low and middle income housing so as to preserve such

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11517-01-5

 S. 7181 2

 1 inventory of affordable housing for the persons and families such hous-
 2 ing is designed to serve.
 3 § 3. The division of housing and community renewal shall make a report
 4 to the governor and the legislature of its findings, conclusions and
 5 recommendations no later than one year after the effective date of this
 6 act and shall submit with its report such legislative proposals as it
 7 deems necessary to implement its recommendations.
 8 § 4. To the maximum extent feasible, the division of housing and
 9 community renewal shall be entitled to request and receive and shall
 10 utilize and be provided with such facilities, resources and data of any
 11 court, department, division, board, bureau, commission or agency of the
 12 state or any political subdivision thereof as it may reasonably request
 13 to carry out properly its responsibilities pursuant to this act.
 14 § 5. Section 35 of the private housing finance law is amended by
 15 adding a new subdivision 5 to read as follows:
 16 5. Notwithstanding any other provision of this section, no company
 17 shall be voluntarily dissolved, without the consent of the commissioner
 18 or supervising agency, as the cas