Establishes the manufactured home community preservation act to provide financial and technical assistance, within funds available to counties, municipalities, rural preservation companies, and other non-profit housing organizations for their housing preservation efforts; provides that funds in the mortgage insurance fund can be used to provide financial support to local governments and eligible non-profit housing organizations.
Summary
Bill A04893 establishes the Manufactured Home Community Preservation Act, aimed at providing financial and technical assistance to preserve mobile and manufactured home communities in New York. It introduces a state program that allows counties, municipalities, and non-profit organizations to access funds for the acquisition of development rights or outright purchase of mobile home parks. The bill outlines the definitions of key terms related to mobile home community preservation and sets forth the responsibilities of the commissioner in managing the program.
Impact
The bill amends the private housing finance law and the public authorities law to facilitate the preservation of mobile and manufactured home parks. It enables local governments and eligible non-profits to utilize funds from the mortgage insurance fund for this purpose, thereby impacting state housing policies and potentially increasing the availability of affordable housing options. The financial support provided could help mitigate the loss of such communities due to redevelopment or other pressures.
Sentiment
The sentiment around Bill A04893 appears to be supportive, as it addresses the critical issue of preserving affordable housing options for residents of mobile and manufactured home parks. However, there may be concerns regarding the allocation of funds and the effectiveness of the proposed program, which could lead to further discussions and refinements as the bill progresses through the legislative process.
Contention
Notable points of contention may arise regarding the definition of 'development rights' and the extent of financial support provided to local governments and non-profits. Stakeholders such as property owners and housing advocates may have differing views on the implications of the bill for property rights and community stability. Additionally, the effectiveness of the program in achieving its goals of preservation and support for residents may be debated.
Same As
Establishes the manufactured home community preservation act to provide financial and technical assistance, within funds available to counties, municipalities, rural preservation companies, and other non-profit housing organizations for their housing preservation efforts; provides that funds in the mortgage insurance fund can be used to provide financial support to local governments and eligible non-profit housing organizations.
Establishes the manufactured home community preservation act to provide financial and technical assistance, within funds available to counties, municipalities, rural preservation companies, and other non-profit housing organizations for their housing preservation efforts; provides that funds in the mortgage insurance fund can be used to provide financial support to local governments and eligible non-profit housing organizations.
Authorizes the town of Copake to establish community preservation funds and to impose a real estate transfer tax with revenues to be deposited into the community preservation fund; provides for the repeal of certain provisions upon expiration thereof.
Authorizes the town of Copake to establish community preservation funds and to impose a real estate transfer tax with revenues to be deposited into the community preservation fund; provides for the repeal of certain provisions upon expiration thereof.
Authorizes the town of Clarkstown to establish community preservation funds and to impose a real estate transfer tax with revenues therefrom to be deposited in the community preservation fund; provides for the repeal of certain provisions upon expiration thereof.
Authorizes the town of Chester to establish community preservation funds; establishes a real estate transfer tax with revenues therefrom to be deposited in said community preservation fund.
Authorizes the town of Chester to establish community preservation funds; establishes a real estate transfer tax with revenues therefrom to be deposited in said community preservation fund.
Creates "Manufacturing Reboot Program" in EDA to provide financial assistance to certain manufacturing businesses; makes $10 million appropriation to EDA.
Creates "Manufacturing Reboot Program" in EDA to provide financial assistance to certain manufacturing businesses; makes $10 million appropriation to EDA.