Plain English Breakdown
Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.
Requires community median income be used by certain affordable housing programs in N.Y. City
Requires community median income be used by certain affordable housing programs in N.Y.
What This Bill Does
- Requires community median income be used by certain affordable housing programs in N.Y.
- City Requires community median income be used by certain affordable housing programs in a city having a population of one million or more; requires affordable housing programs using state funding to cover 33 percent or more of the construction costs of a building or buildings to use community median income to determine income eligibility and rent levels; exempts programs utilizing federal funding.
Limits and Unknowns
- This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.