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Bill

S 6761

Provides for calculating the area median income for affordable housing programs in N.Y. city

2025 Regular Session Introduced by Cordell Cleare and 4 co-sponsors

Establishes a NYC-specific method to calculate area median income for affordable housing programs to standardize eligibility, rents, and subsidies.

REPORTED AND COMMITTED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
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WeVote Research Nonpartisan
Bill Summary · S 6761

Summary of Bill S 6761

Overview

Bill S 6761 would establish the method for calculating the area median income (AMI) used for New York City’s affordable housing programs. The bill focuses on creating a specific AMI calculation framework applicable to programs operating within New York City, with the aim of standardizing eligibility and subsidy determinations.

  • Bill Number: S 6761
  • Title: Provides for calculating the area median income for affordable housing programs in N.Y. city
  • Introduced: March 24, 2025
  • Current Status: REPORTED AND COMMITTED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
  • Sponsors:
    • Primary: Robert Jackson
    • Cosponsors: Luis R. Sepúlveda, Cordell Cleare, Leroy Comrie, James Sanders Jr.
  • Related Bills (prior sessions): S 4455, S 1691, S 2621, S 4960
  • Companion (A): A 2187

Purpose and intent

  • To create or specify the methodology for calculating AMI used by NYC affordable housing programs.
  • To ensure consistent income eligibility thresholds, rent calculations, and subsidy levels across programs that rely on AMI.

Key provisions and changes (as implied by the title and status)

  • Establishment or codification of a NYC-focused AMI calculation method.
  • Requirements that NYC affordable housing programs apply the defined AMI when determining:
    • Eligibility for program participation
    • Income limits for beneficiaries
    • Rent levels or rent subsidies
    • Other programmatic subsidies or benefits tied to income thresholds
  • Potential alignment or reconciliation with broader state AMI metrics, while tailoring to NYC-specific data or urban conditions.

Note: The detailed text of provisions is not provided here; the summary focuses on the substantive purpose indicated by the bill’s title and progression through committees.

Who is affected

  • Residents applying for or benefiting from NYC affordable housing programs (e.g., eligibility determinations, rent calculation, subsidies).
  • NYC agencies overseeing affordable housing initiatives (likely agencies administering such programs would implement the new AMI methodology).
  • Developers and sponsors of affordable housing projects in NYC that rely on AMI-based eligibility or financing terms.

Procedural and timeline aspects

  • Introduced: March 24, 2025
  • Initial referrals: Referred to Cities 1 on March 24, 2025
  • Committee action: Reported and committed to the Housing, Construction and Community Development committee on May 6, 2025 (noted as repeated entries on the same date)
  • Next steps typically include committee hearings, potential amendments, and floor consideration in the Senate, followed by reconciliation with the Assembly version (if applicable) and final passage.

Legislative context

  • The bill has several related bills from prior sessions (S 4455, S 1691, S 2621, S 4960) and a companion bill in the Assembly (A 2187), suggesting ongoing interest in refining AMI calculations for NYC housing programs.

Potential impact and considerations

  • Could standardize eligibility and rents across NYC affordable housing programs, reducing inconsistency.
  • May influence funding, subsidy levels, and project feasibility by altering AMI thresholds.
  • Implementation would require data sources and updating processes to reflect the new NYC-specific AMI calculation method.

If you’d like, I can add a brief appendix with likely agencies involved and how AMI typically feeds into eligibility and rent determinations, based on common NY housing program practices.

Compiled from official sources — confirm details with the bill’s official record.

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