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STATE OF NEW YORK
Print. 5244 Intro. 4946
IN ASSEMBLY Be
February 18, 1964 ys 4 gt y
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Introduced by Mr. CURTO—(at the request of the-Joint Legisla- 7 . fw
tive Committee on Housing and Urban Development) —read Abe
and referred to the Committee on Ways and Means
To amend the private housing mance 4 relation 2 by
conforming provisions of limited-profit housing companies
regarding the acquisition of property to the change hini- “fe 7 —
tion of municipally-aided project | I, Tl) ’
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, : « “
The People of the State of New York, +e esented in cha bie”
Assembly, do enact as follows:
Section 1. Section twenty-nine of the private housing finance law,
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AN ACT
separately amended as section three hundred sixteen of the public
housing law by chapters one hundred thirty-two and five hundred
forty-four of the laws of nineteen hundred sixty-one, is hereby
amended to read as follows:
§ 29. Acquisition of property. After a project has been approved
by the commissioner or the supervising agency and the local legisla-
tive body, the commissioner or the supervising agency as the case
may be, shall issue a certificate declaring that the acquisition of
ExPLaNaATIon — Matter in italics is new; matter in brackets [ ] is old law to be omitted.
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the property is necessary for the public purpose defined in this
article and the company may acquire the property needed for the
project or the municipality may, with respect to a mumnicipally-
aided project or a project aided either by a state loan [,] or a
loan from the New York state housing finance agency, [or a mu-
nicipal loan,] take property by condemnation for the company
pursuant to the provisions of article nine of this chapter.
§ 2. This act shall take effect immediately. oe
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'64 HRB #12 a
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“THE CITY OF NEW YORK OFFICE” OF\ THE. LEGISLATIV
REPRESENTATIVE. :
ROBERT F. WAGNER, MAYOR TEN EYCK HOTEL
ALBANY, NEW YORK
MEMORANDUM IN SUPPORT OF
S-Rosenblatt ca eee ee ee = Cities
A-Curto I. 4946..Pr. 5244 - wen
AN ACT To amend the private housing finance law, in relation to
conforming provisions of limited-pvrofit housing companies
regarding the acquisition of property to the changed
definition of municipally-aided project
TO: LT. GOV. WILSON, SENATORS MAHONEY, ZARETZKI, BARRETT, GREENBERG,
MARCHI, MACKELL, RULISON, BRONSTON, ROSENBLATT
SPEAKER CARLINO, ASSEMBLYMEN INGALLS, TRAVIA, PRELLER, SATRIALE,
SAVARESE, CORSO, CURTO
The object of this bill is to amend Section 29 of the Pri-
vate Housing Finance Law to provide that a municipality may acquire
real property by condemnation for any municipally-aided limited-
orofit housing project, not just for those aided with a municipal
loan.
Up until 1962 the only type of municipally-aided limited-
profit project was one aided by a municipal loan. As a consequence,
the above section of law relating to the acquisition of vroverty
for limited-profit projects provided that a municipality could ac-
quire proverty for limited-profit projects if such project was
aided by a municipal loan.
In 1962 the definition of municipally aided vroject was
expanded to include one which is "aided by a municival mortgage
loan or tax exemption or both". However, through oversight Sec-
tion 29 was not broadened to permit a municipality to acquire by
condemnation real property for a limited-profit project aided by
either tax exemption or a loan.
By amending that section to permit a municipality to ac-
quire land by condemnation for any type of municipally-aided pro-
ject, this legal hiatus will be bridged.
Accordingly, it is requested that this bill be favorably
reported out of Committee and enacted into law.
KEKKKKEKKKKHKKHHK
ee ye a ee ee
'64 HRB #12 i
< = i
‘THE CITY OF NEW YORK OFFICE OF: THE. LEGISLATIV
REPRESENTATIVE.. :
ROBERT F. WAGNER, MAYOR TEN EYCK HOTEL
ALBANY, NEW YORK
MEMORANDUM IN SUPPORT OF
S-Rosenblatt Le Sele, 3264 = Cities
A-Curto I. 4046. 5eu4 - Wem
AN ACT To amend the private housing finance law, in relation to
conforming provisions of limited-profit housing companies
regarding the acquisition of property to the changed
definition of municipally-aided project
TO: LT. GOV. WILSON, SENATORS MAHONEY, ZARETZKI, BARRETT, GREENBERG,
MARCHI, MACKELL, RULISON, BRONSTON, ROSENBLATT
SPEAKER CARLINO, ASSEMBLYMEN INGALLS, TRAVIA, PRELLER, SATRIALE,
SAVARESE, CORSO, CURTO
The object of this bill is to amend Section 29 of the Pri-
vate Housing Finance Law to provide that a municipality may acquire
real property by condemnation for any municipally-aided limited-
orofit housing project, not just for those aided with a municipal
loan.
Up until 1962 the only type of municipally-aided limited-
profit project was one aided by a municipal loan. As a consequence,
the above section of law relating to the acquisition of oroverty
for limited-profit projects provided that a municipality could ac-
quire proverty for limited-profit projects if such project was
aided by a municipal loan.
In 1962 the definition of municipally aided vroject was
expanded to include one which is "aided by a municival mortgage
loan or tax exemption or both". However, through oversight Sec-
tion 29 was not broadened to permit a municipality to acquire by
condemnation real property for a limited-profit project aided by
either tax exemption or a loan. .
By amending that section to permit a municipality to ac-
quire land by condemnation for any type of municipally-aided pro-
ject, this legal hiatus will be bridged.
Accordingly, it is requested that this bill be favorably
reported out of Committee and enacted into law.
KHREKKEKKKKHKKH
