Professional Documents
Culture Documents
1.
For the period on and after April 1, 2016, in addition to the amounts
previously authorized pursuant to the duly executed prior Memoranda of
For the period on and after April 1, 2016, up to $424.5 million shall be
made available to the Division of Housing and Community Renewal or
other appropriate State agencies or authorities for the purpose of
providing capital subsidies for the new construction or adaptive reuse of
rental housing affordable to households that earn up to 60% of AMI and
that advance one or more of the specific housing priorities of New York
State. Such funds shall be made available from both the $590 million DIIF
appropriation and the $1.383 billion CPF appropriation; upon approval by
the Director of the Division of the Budget.
3.
For the period on and after April 1, 2016, up to $125 million shall be made
available to the Division of Housing and Community Renewal or other
appropriate State agencies or authorities for the purpose of developing or
For the period on and after April 1, 2016, up to $45 million shall be made
available to the Division of Housing and Community Renewal or other
appropriate State agencies or authorities for purposes of the rural and
urban community investment fund program created pursuant to article
XXVII of the private housing finance law. Such funds shall be made
available from both the $590 million DIIF appropriation and the $1.383
billion CPF appropriation; upon approval by the Director of the Division of
the Budget.
5.
For the period on and after April 1, 2016, up to $150 million shall be made
available to the Division of Housing and Community Renewal or other
appropriate State agencies or authorities for the purpose of providing
capital subsidies for the new construction, adaptive reuse, or
reconstruction of rental housing affordable to households that earn up to
130% of AMI and that advance one or more of the specific housing
priorities of New York State. Such funds shall be made available from both
the $590 million DIIF appropriation and the $1.383 billion CPF
appropriation; upon approval by the Director of the Division of the Budget.
6.
For the period on and after April 1, 2016, up to $177 million shall be made
available to the Division of Housing and Community Renewal or other
For the period on and after April 1, 2016, up to $100 million shall be made
available to the Division of Housing and Community Renewal or other
appropriate State agencies or authorities to provide capital subsidies to
preserve and improve Mitchell-Lama properties in New York State. Such
funds shall be made available from both the $590 million DIIF
appropriation and the $1.383 billion CPF appropriation; upon approval by
the Director of the Division of the Budget.
8.
For the period on and after April 1, 2016, up to $125 million shall be made
available to the Division of Housing and Community Renewal or other
appropriate State agencies or authorities for the purpose of substantial or
moderate rehabilitation and/or the demolition and replacement through
new construction of site-specific multi-family rental housing currently
owned by public housing authorities outside of New York City. Such funds
shall be made available from both the $590 million DIIF appropriation and
the $1.383 billion CPF appropriation; upon approval by the Director of the
Division of the Budget.
9.
For the period on and after April 1, 2016, up to $62.5 million shall be made
available to the Division of Housing and Community Renewal or other
appropriate State agencies or authorities for the purpose of substantial or
moderate rehabilitation and/or the demolition and replacement through
new construction of buildings of 5 to 40 units. Such funds shall be made
available from both the $590 million DIIF appropriation and the $1.383
billion CPF appropriation; upon approval by the Director of the Division of
the Budget.
10.
For the period on and after April 1, 2016, up to $41.475 million shall be
made available to the Division of Housing and Community Renewal or
other appropriate State agencies or authorities for the purpose of
promoting home ownership among families of low and moderate income
for whom there are few affordable home ownership alternatives in the
private market, and to stimulate the development, stabilization and
preservation of New York communities. Such funds shall be made
available from both the $590 million DIIF appropriation and the $1.383
billion CPF appropriation; upon approval by the Director of the Division of
the Budget.
11.
For the period on and after April 1, 2016, up to $13 million shall be made
available to the Division of Housing and Community Renewal or other
appropriate State agencies or authorities for the purposes of mobile and
manufactured home programs. Such funds shall be made available from
both the $590 million DIIF appropriation and the $1.383 billion CPF
appropriation; upon approval by the Director of the Division of the Budget.
12.
For the period on and after April 1, 2016, up to $10 million shall be made
available to the Division of Housing and Community Renewal or other
appropriate State agencies or authorities to stimulate reinvestment in
properties located within mixed-use commercial districts located in urban,
small town, and rural areas of New York State. Such funds shall be made
available from both the $590 million DIIF appropriation and the $1.383
billion CPF appropriation; upon approval by the Director of the Division of
the Budget.
13.
For the period on and after April 1, 2016, up to $100 million shall be made
available to the Division of Housing and Community Renewal or other
appropriate State agencies or authorities for state-approved projects and
other improvements related to housing developments owned or operated
by the New York City housing authority, provided however that none of
this funding may be obligated until the $100 million that was provided to
the New York City housing authority from the mortgage settlement
proceeds trust fund account originally appropriated by chapter 53 of the
laws of 2015 is fully obligated as determined by the Director of the Budget.
Such funds shall be made available from both the $590 million DIIF
appropriation and the $1.383 billion CPF appropriation; upon approval by
the Director of the Division of the Budget.
14.
15.
16.
/ 4th
Dated: __________________,
2016
September
Athos
_________________
Robert Mujica
Director of the Budget
.
_________________
John J. Flanagan
Temporary President of the Senate
_________________
Carl Heastie
Speaker of the Assembly