New York S 1399: Enacts the child abuse reporting expansion act

Bill Text

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S01399 Summary:

BILL NOS01399A

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SAME ASSAME AS A07679

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SPONSORRYAN S

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COSPNSRCOONEY

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MLTSPNSR

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Add Art 33 §§1300 & 1301, Priv Hous Fin L; add §99-ss, St Fin L

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Establishes the vacant rental improvement program to provide grants of up to $75,000 per unit to owners of buildings with five or fewer units.

Go to top S01399 Actions:

BILL NOS01399A

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01/09/2025REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

03/31/2025AMEND (T) AND RECOMMIT TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

03/31/2025PRINT NUMBER 1399A

05/12/2025REPORTED AND COMMITTED TO FINANCE

05/29/2025COMMITTEE DISCHARGED AND COMMITTED TO RULES

05/29/2025ORDERED TO THIRD READING CAL.1472

06/06/2025PASSED SENATE

06/06/2025DELIVERED TO ASSEMBLY

06/06/2025referred to housing

Go to topS01399 Committee&nbspVotes:

Go to topS01399 Floor&nbspVotes:

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

Go to topS01399 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1399--A

 2025-2026 Regular Sessions

 IN SENATE

 January 9, 2025
 ___________

 Introduced by Sen. S. RYAN -- read twice and ordered printed, and when
 printed to be committed to the Committee on Housing, Construction and
 Community Development -- committee discharged, bill amended, ordered
 reprinted as amended and recommitted to said committee

 AN ACT to amend the private housing finance law and the state finance
 law, in relation to establishing the vacant rental improvement program

 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 article 33 to read as follows:
 3 ARTICLE XXXIII
 4 VACANT RENTAL IMPROVEMENT PROGRAM
 5 Section 1300. Statement of legislative findings and purpose.
 6 1301. Vacant rental improvement program.
 7 § 1300. Statement of legislative findings and purpose. It is hereby
 8 declared and found that there exists across upstate New York a shortage
 9 of safe and affordable rental units. It is further found that stable
 10 housing is tied to positive employment, education, and health outcomes,
 11 and that the state therefore has an interest in promoting safe and
 12 affordable housing opportunities. In order, further, to promote such
 13 opportunities, it is hereby declared that additional provisions should
 14 be made to provide public monies for the purpose of grants to owners of
 15 buildings with five or fewer units to make necessary improvements to
 16 rental units on the condition that renovated units will be leased at a
 17 reasonable rate for ten years. The necessity in the public interest for
 18 the provisions of this article is hereby declared as a matter of legis-
 19 lative determination.
 20 § 1301. Vacant rental improvement program. 1. (a) The housing trust
 21 fund corporation shall, subject to appropriation, make capital grants of
 22 up to seventy-five thousand dollars per unit to owners of buildings with
 23 five or fewer units for the purpose of making necessary improvements to

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03464-02-5

 S. 1399--A 2

 1 rental units located outside of a city with a population of one million
 2 or more. The housing trust fund corporation, to the extent practicable,
 3 shall prioritize funding for units that are currently vacant or have
 4 outstanding code violations.
 5 (b) Receipt of such capital grants shall be conditioned upon a regula-
 6 tory agreement by such owners to lease such renovated units at a rate
 7 affordable to persons earning no more than eighty percent of area median
 8 income, as calculated by the United States department of housing and
 9 urban development, for the ten-year period commencing at the start of
 10 the first lease agreement following a renovation or rehabilitation
 11 completed pursuant to this article. Upon a finding by the housing trust
 12 fund corporation that an owner who has received a grant to renovate a
 13 rental unit pursuant to this section has violated the regulatory agree-
 14 ment, any grants received by such owner shall be subject to recoupment