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A04635 Summary:

BILL NOA04635
 
SAME ASNo Same As
 
SPONSORPretlow
 
COSPNSR
 
MLTSPNSR
 
Amd 854, Gen Muni L
 
Authorizes industrial development agencies to provide technical and financial assistance to qualified residential facilities; defines "qualified residential facility" as any multi-family residential facility with units that are for sale, in any municipality located within the county of Westchester, and which is located in an urban renewal area.
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A04635 Actions:

BILL NOA04635
 
02/21/2023referred to local governments
01/03/2024referred to local governments
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A04635 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A4635
 
SPONSOR: Pretlow
  TITLE OF BILL: An act to amend the general municipal law, in relation to authorizing industrial development agencies to provide assistance to qualified resi- dential facilities   PURPOSE: To extend industrial development agency financial assistance to multi- family residential housing projects in any municipality located within the county of Westchester having a population of less than one million and which are located in an urban renewal area designated under the urban renewal law or in a highly distressed area as defined in the industrial development agency act.   SUMMARY OF PROVISIONS: Amends subdivision 4 of section 854 of the general municipal law to expand the definition of "project" to include a "qualified residential project." Amends section 854 of the general municipal law to add a new subdivision 20 thereto defining "qualified residential project" for the purposes of the industrial development agency act.   JUSTIFICATION: Industrial development agency financial assistance is a significant inducement to private commercial redevelopment of our distressed down- town cores. Under the industrial development agency act, the development of multi-family rental residential housing is a commercial project for which an industrial development agency may provide financial assistance. However, under current law, an industrial development agency may not provide financial assistance to multi-family housing projects, even in designated urban renewal areas or in highly distressed areas where private investment in our communities and the creation of ownership housing is most needed, and even though assisting the development of multi-family housing projects in such areas would meet the goals and objectives of the industrial development agency act. This bill would specifically authorize industrial development agency assistance to multi-family housing projects in any municipality located within the county of Westchester which are located in a designated urban renewal area or highly distressed area as defined in the industrial development agency act.   LEGISLATIVE HISTORY: 2021-2022 A1715 referred to local governments 2019-2020 A3351 referred to local governments 2017/2018 A1091 referred to local governments 2015/2016 A1591 referred to local governments 2013-14 A.532 referred to local governments 2012: A.2755 Referred to Local Governments 2010: A.4059 Referred to Local Governments 2008: A.11175 Reference Change to Ways & Means   FISCAL IMPLICATIONS: To be determined.   EFFECTIVE DATE: Immediately.
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A04635 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          4635
 
                               2023-2024 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 21, 2023
                                       ___________
 
        Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
          tee on Local Governments
 
        AN ACT to amend the general municipal law, in  relation  to  authorizing
          industrial  development  agencies  to  provide assistance to qualified
          residential facilities
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1. Subdivision 4 of section 854 of the general municipal law,
     2  as amended by section 5 of part X of chapter 59 of the laws of 2021,  is
     3  amended to read as follows:
     4    (4)  "Project"  -  shall mean any land, any building or other improve-
     5  ment, and all real and personal properties located within the  state  of
     6  New York and within or outside or partially within and partially outside
     7  the  municipality  for  whose benefit the agency was created, including,
     8  but not limited to, machinery, equipment  and  other  facilities  deemed
     9  necessary  or  desirable in connection therewith, or incidental thereto,
    10  whether or not now in existence or under construction,  which  shall  be
    11  suitable for manufacturing, warehousing, research, commercial, renewable
    12  energy or industrial purposes or other economically sound purposes iden-
    13  tified  and  called  for  to implement a state designated urban cultural
    14  park management plan as provided in title G of the parks, recreation and
    15  historic preservation law and which may include or  mean  an  industrial
    16  pollution  control  facility,  a  recreation  facility,  educational  or
    17  cultural facility, a horse racing facility, a railroad facility, a qual-
    18  ified residential facility, a renewable energy project or an  automobile
    19  racing  facility,  provided,  however,  no agency shall use its funds or
    20  provide financial  assistance  in  respect  of  any  project  wholly  or
    21  partially  outside  the  municipality  for  whose benefit the agency was
    22  created without the prior consent  thereto  by  the  governing  body  or
    23  bodies  of  all the other municipalities in which a part or parts of the
    24  project is, or is to be,  located,  and  such  portion  of  the  project
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09414-01-3

        A. 4635                             2
 
     1  located  outside  such  municipality  for  whose  benefit the agency was
     2  created shall be contiguous with the portion of the project inside  such
     3  municipality.
     4    §  2.  Section 854 of the general municipal law is amended by adding a
     5  new subdivision 22 to read as follows:
     6    (22) "Qualified residential facility" - shall  mean  any  multi-family
     7  residential  facility  with units that are for sale, in any municipality
     8  located within the county of Westchester, and which  is  located  in  an
     9  urban renewal area designated under article fifteen of this chapter or a
    10  highly  distressed area, together with buildings, structures, machinery,
    11  equipment, facilities and appurtenances thereto deemed necessary, useful
    12  or desirable in connection therewith, or incidental thereto,  but  shall
    13  not include a continuing care retirement community.
    14    § 3. This act shall take effect immediately.
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