New York S 733: Ensures that parents and guardians of youth up to age 19 are notified when their child is arrested or issued an appearance ticket

Bill Text

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S00733 Summary:

BILL NOS00733 

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SAME ASSAME AS A00799

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SPONSORMAY

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COSPNSRSALAZAR

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MLTSPNSR

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Add §59-j, Priv Hous Fin L; add §99-ss, St Fin L

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Establishes a housing project revolving loan program and housing project revolving loan fund to encourage the development of mixed income housing by providing zero-percent interest or low-interest loans.

Go to top S00733 Actions:

BILL NOS00733 

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01/08/2025REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

03/03/2025REPORTED AND COMMITTED TO FINANCE

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

Go to topS00733 Committee&nbspVotes:

Go to topS00733 Floor&nbspVotes:

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

Go to topS00733 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 733

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sen. MAY -- 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 private housing finance law and the state finance
 law, in relation to establishing a housing project revolving loan
 program and housing project revolving loan fund

 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 59-j to read as follows:
 3 § 59-j. Housing project revolving loan program. 1. For the purposes of
 4 this section, the following terms shall have the following meanings:
 5 (a) "Eligible housing project" means a project to build mixed income
 6 housing where at least twenty percent of units will be rented to indi-
 7 viduals at or below fifty percent of the area median income.
 8 (b) "Program" means the housing project revolving loan program estab-
 9 lished pursuant to this section.
 10 (c) "Residential housing developer" means a for-profit entity, non-
 11 profit entity, or public authority proposing to build an eligible hous-
 12 ing project.
 13 2. The agency is hereby authorized and directed to establish a housing
 14 project revolving loan program to provide zero-percent interest or low-
 15 percent interest loans, in accordance with subdivision four of this
 16 section, to residential housing developers to finance eligible housing
 17 projects. Notwithstanding the provisions of any law to the contrary,
 18 state financial assistance in the form of a loan may be provided for
 19 costs of eligible projects for capital costs related to such projects.
 20 3. (a) The agency shall develop a method whereby residential housing
 21 developers may apply to the agency to receive loans under the program
 22 for eligible housing projects. The agency, after review of the fiscal

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01304-01-5

 S. 733 2

 1 needs of such eligible housing projects, shall make a determination,
 2 subject to any restrictions under this section, as to the residential
 3 housing developers to be awarded state financial assistance under this
 4 section, and the amount of such financial assistance. In making such
 5 determinations, the agency shall consider the potential impact of eligi-
 6 ble housing projects, and the needs of the areas where such eligible
 7 housing projects would be located, with a goal of maximizing affordable
 8 housing production. The agency shall ensure that such financial assist-
 9 ance awards are made to residential housing developers for eligible
 10 housing projects located in all geographic regions of the state from
 11 which applications for such financial assistance are made.
 12 (b) The agency shall be authorized to allocate funds for financial
 13 assistance to other housing finance agencies in the state, as determined
 14 by the agency, to be used for the purposes under subdivision two of this
 15 section.
 16 4. Financial assistance awarded under subdivision three of this
 17 section shall be provided from the housing project revolving loan fund
 18 established under section ninety-nine-ss of the state finance law. Such
 19 financial assistance shall be awarded in t