Amendment ID: S2564-112

ECO 112

Guaranteeing True Affordability

Ms. Jehlen, Mr. Eldridge, Ms. Chang-Diaz, Messrs. Kennedy and Moore, Ms. Comerford and Ms. Rausch move that the proposed new text be amended in Section 2A, line item 1599-2022, by inserting after “other state financial assistance in the form of grants or loans” the following: “provided further that affordable rental housing shall be defined as housing for households earning up to 60% Area Median Income (AMI) and that a minimum of one third of all units produced using such funds shall be made available exclusively to households at 30% Area Median Income or below; provided further that Area Median Income is as determined annually by the US Department of Housing and Urban Development"