New York S 3997: Requires the preparation of a neighborhood impact statement prior to the construction of a homeless shelter in cities with a population of one million or more

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S03997 Summary:

BILL NOS03997 

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SAME ASSAME AS A06695

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SPONSORPARKER

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COSPNSR

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MLTSPNSR

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Amd §21, Pub Hous L

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Amends the low income housing tax credit eligibility requirement to at least sixty percent of residential units be both rent-restricted and occupied by individuals whose income is one hundred twenty-five percent or less of area median gross income.

Go to top S03997 Actions:

BILL NOS03997 

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01/31/2025REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

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

Go to topS03997 Committee&nbspVotes:

Go to topS03997 Floor&nbspVotes:

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

Go to topS03997 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3997

 2025-2026 Regular Sessions

 IN SENATE

 January 31, 2025
 ___________

 Introduced by Sen. PARKER -- 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, in relation to low income hous-
 ing tax credit eligibility

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

 1 Section 1. Paragraph (b) of subdivision 5 and subdivision 6 of section
 2 21 of the public housing law, as added by section 1 of part CC of chap-
 3 ter 63 of the laws of 2000, are amended to read as follows:
 4 (b) would be a qualified low-income building under such section if the
 5 20-50 test specified in subsection (g)(1) of such section were disre-
 6 garded and the 40-60 test specified in such subsection (requiring that
 7 at least forty percent of residential units be both rent-restricted and
 8 occupied by individuals whose income is sixty percent or less of area
 9 median gross income) were a [40-90] 60-125 test.
 10 6. "Qualified basis" of an eligible low-income building means the
 11 qualified basis of such building determined under section 42(c) of the
 12 internal revenue code, or which would be determined under such section
 13 if the [40-90] 60-125 test specified in paragraph (b) of subdivision
 14 five of this section applied under such section 42 to determine if such
 15 building were part of a qualified low-income housing project.
 16 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06811-01-5

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