New York S 4058: Requires combination gas and electric corporations, the New York Power Authority, and the Long Island Power Authority to provide an annual transparency statement to customers

Bill Text

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S04058 Summary:

BILL NOS04058 

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SAME ASSAME AS A01492

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SPONSORMAY

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COSPNSRHOYLMAN-SIGAL, KAVANAGH, SALAZAR, WEBB

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MLTSPNSR

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Add §14-a, Pub Hous L

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Relates to low or moderate income housing developments; allows local zoning boards of appeals to approve affordable housing developments; provides for an appeals process to the division of housing and community renewal; creates a state zoning board of appeals within the division to hear such appeals; directs the division to conduct a study to integrate low income housing tax credit applications with the zoning application process under this act.

Go to top S04058 Actions:

BILL NOS04058 

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

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

Go to topS04058 Committee&nbspVotes:

Go to topS04058 Floor&nbspVotes:

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

Go to topS04058 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4058

 2025-2026 Regular Sessions

 IN SENATE

 January 31, 2025
 ___________

 Introduced by Sens. MAY, HOYLMAN-SIGAL, KAVANAGH, SALAZAR, WEBB -- 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 or moderate
 income housing developments

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

 1 Section 1. The public housing law is amended by adding a new section
 2 14-a to read as follows:
 3 § 14-a. Low or moderate income housing developments. 1. Definitions.
 4 For the purposes of this section, the following terms shall have the
 5 following meanings:
 6 (a) "Low or moderate income housing development" means any housing,
 7 including both housing intended for homeownership and rental, that is
 8 subsidized by county, federal or state government under any program to
 9 assist the construction of a low or moderate income housing development
 10 as defined in the applicable federal or state statute, whether built or
 11 operated by any public agency, limited-dividend organization, or other
 12 private organization. For a housing development to qualify as a "low or
 13 moderate income housing development", such housing development shall:
 14 (i) have at least twenty-five percent of such housing development's
 15 housing units be affordable, as determined by the division, to house-
 16 holds who earn no more than eighty percent of the area median income;
 17 (ii) for rental housing developments, have at least twenty percent of
 18 such housing development's housing units be affordable, as determined by
 19 the division, to households earning below sixty percent of the area
 20 median income; or (iii) in the city of New York, be subject to an antic-
 21 ipated regulatory agreement with a city, state, or federal government
 22 entity.
 23 (b) "Uneconomic" means any condition brought about by any single
 24 factor or combination of factors to the extent that it makes it substan-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01681-01-5

 S. 4058 2

 1 tially unlikely for a public agency or nonprofit organization to proceed
 2 in building or operating a low or moderate income housing development
 3 without financial loss, or for a limited-dividend organization or other
 4 private organization to proceed and still realize a reasonable return in
 5 building or operating such housing within the limitations set by the
 6 subsidizing agency of government on the size or character of the devel-
 7 opment or on the amount or nature of the subsidy or on the tenants,
 8 rentals and income permissible, and without substantially changing the
 9 rent levels and units sizes proposed by the public agency, limited-divi-
 10 dend organization, or other private organization.
 11 (c) "Consistent with regional needs" means reasonable in view of the
 12 regional need for low and moderate income housing developments and
 13 necessary to protect the health and safety of the occupants of such
 14 housing, or of the residents of a city, town, or village. Impacts
 15 related