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Int 0958-2024
| A | Adrienne E. Adams | | | Creation of affordable homeownership opportunities. | Introduction | This bill would require, beginning July 1, 2026, that at least 4 percent of all new construction affordable units that the City finances, over five-year periods, consists of homeownership opportunity units, which include financing newly constructed affordable units for homeownership, downpayment assistance loans, and financing rental conversions into affordable units for homeownership. A maximum of 60 percent of these required homeownership opportunity units could be down payment assistance loans. | Hearing Held by Committee | |
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Int 0958-2024
| A | Adrienne E. Adams | | | Creation of affordable homeownership opportunities. | Introduction | This bill would require, beginning July 1, 2026, that at least 4 percent of all new construction affordable units that the City finances, over five-year periods, consists of homeownership opportunity units, which include financing newly constructed affordable units for homeownership, downpayment assistance loans, and financing rental conversions into affordable units for homeownership. A maximum of 60 percent of these required homeownership opportunity units could be down payment assistance loans. | Approved by Committee | Pass |
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M 0010-2026
| * | | | | Mayor's Veto and disapproval of Introductory Number 958-A. | Mayor's Message | | Hearing Held by Committee | |
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M 0010-2026
| * | | | | Mayor's Veto and disapproval of Introductory Number 958-A. | Mayor's Message | | Filed by Committee | |
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Int 1443-2025
| A | Sandy Nurse | | | Citywide percentage of rental units in projects receiving city financial assistance that must be affordable for extremely low-income and very low-income households. | Introduction | This bill would require that a minimum percentage of rental housing financed by the City are affordable to households with the least means to afford housing. Of the new affordable housing financed by the Department of Housing and Preservation Development, known as HPD, 50% would have to be affordable to extremely and very low-income households, with at least 30% of the total affordable to extremely low-income households. The bill includes several separate exemptions to these minimum percentages, based on either their programmatic requirements, site constraints, or their stage in the pre-development process. Although the bill would go into effect immediately, the requirements would not apply until July 1, 2027, so that affordable housing projects currently seeking financing can proceed with their applications. The legislation would also include an ability for HPD to suspend the targets if federal resources relied on to finance affordable housing are significantly decreased. | Hearing Held by Committee | |
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Int 1443-2025
| A | Sandy Nurse | | | Citywide percentage of rental units in projects receiving city financial assistance that must be affordable for extremely low-income and very low-income households. | Introduction | This bill would require that a minimum percentage of rental housing financed by the City are affordable to households with the least means to afford housing. Of the new affordable housing financed by the Department of Housing and Preservation Development, known as HPD, 50% would have to be affordable to extremely and very low-income households, with at least 30% of the total affordable to extremely low-income households. The bill includes several separate exemptions to these minimum percentages, based on either their programmatic requirements, site constraints, or their stage in the pre-development process. Although the bill would go into effect immediately, the requirements would not apply until July 1, 2027, so that affordable housing projects currently seeking financing can proceed with their applications. The legislation would also include an ability for HPD to suspend the targets if federal resources relied on to finance affordable housing are significantly decreased. | Approved by Committee | Pass |
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M 0021-2026
| * | | | | Mayor's Veto and disapproval of Introductory Number 1443-A. | Mayor's Message | | Hearing Held by Committee | |
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M 0021-2026
| * | | | | Mayor's Veto and disapproval of Introductory Number 1443-A. | Mayor's Message | | Filed by Committee | |
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