New York S 7995: Authorizes the county of Ulster to establish an affordable housing fund

Bill Text

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S07995 Summary:

BILL NOS07995 

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SAME ASNo Same As

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SPONSORHINCHEY

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COSPNSR

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MLTSPNSR

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Add §6-w, Gen Muni L

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Authorizes the county of Ulster to establish an affordable housing fund to provide financial assistance to first-time homebuyers, production of affordable housing, emergency housing, or supportive housing for sale or rent, rehabilitation of existing buildings for conversion to affordable housing, emergency housing, or supportive housing, acquisition of interests in real property in existing housing units, and the provision of housing counseling services.

Go to top S07995 Actions:

BILL NOS07995 

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05/15/2025REFERRED TO LOCAL GOVERNMENT

01/07/2026REFERRED TO LOCAL GOVERNMENT

Go to topS07995 Committee&nbspVotes:

Go to topS07995 Floor&nbspVotes:

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

Go to topS07995 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7995

 2025-2026 Regular Sessions

 IN SENATE

 May 15, 2025
 ___________

 Introduced by Sen. HINCHEY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Local Government

 AN ACT to amend the general municipal law, in relation to authorizing
 the county of Ulster to establish an affordable housing fund

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

 1 Section 1. The general municipal law is amended by adding a new
 2 section 6-w to read as follows:
 3 § 6-w. Affordable housing fund in the county of Ulster. 1. Defi-
 4 nitions. As used in this section, the following terms shall have the
 5 following meanings:
 6 a. "Affordable housing" means housing for persons or families deemed
 7 to be or eligible to be deemed to be of extremely low, very low, low or
 8 moderate income by any state or federal housing program, for which the
 9 occupant is paying no more than thirty percent of gross income for hous-
 10 ing costs including utilities; provided, however, that nothing in this
 11 definition shall prevent the county from funding affordable housing
 12 either above or below this affordability level when such funding is
 13 pursuant to federal or state programs providing housing assistance or
 14 where any income-restricted housing, whether intended for rental or
 15 homeownership, is subject to a regulatory agreement with a local, state,
 16 or federal governmental entity.
 17 b. "Board" means the advisory board created pursuant to subdivision
 18 six of this section.
 19 c. "Fund" means the affordable housing fund authorized pursuant to
 20 subdivision two of this section.
 21 d. "Primary residential property" means any one- or two-family house,
 22 multiple dwelling, cooperative, or accessory dwelling unit.
 23 e. "Eligible individual" means unhoused individuals and families or
 24 households with an income of up to eighty percent of the area median
 25 income of Ulster county.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11796-02-5

 S. 7995 2

 1 f. "Emergency housing" means short-term housing accompanied by support
 2 services in which the individual or family being housed does not have a
 3 lease. Such housing includes short-term housing provided in a shelter
 4 built specifically for such purpose, or in other short-term housing such
 5 as that provided by a hotel or motel paid for by the social services
 6 district or not-for-profit agency. Emergency housing is limited to fami-
 7 lies and individuals who are:
 8 (i) homeless;
 9 (ii) at-risk of homelessness;
 10 (iii) fleeing or attempting to flee domestic violence, dating
 11 violence, sexual assault, stalking, or human trafficking; or
 12 (iv) recently homeless and for whom providing rental assistance will
 13 prevent the family's homelessness or having high risk of housing insta-
 14 bility.
 15 2. Fund authorized. a. The county legislature of Ulster county is
 16 authorized to establish by local law an affordable housing fund pursuant
 17 to the provisions of this section.
 18 b. Deposits into the fund may include revenues of the local government
 19 from whatever source, including but not limited to: (i) all revenues of
 20 the county's housing action fund assignment of