Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate committee backs Manufactured Home Community Preservation Act, questions mortgage-insurance funding
Summary
The committee reported S 38 35, a bill to establish a Manufactured Home Community Preservation Act and change distribution rules for the mortgage insurance fund; lawmakers questioned how the program would be funded and staff clarified the mortgage insurance fund’s revenue sources and carve-outs.
The New York State Senate Committee on Housing, Construction and Community Development reported S 38 35, a bill sponsored in the transcript as Senator Hinchey, that would establish the Manufactured Home Community Preservation Act and amend the Public Authorities Law to direct distributions from the mortgage insurance fund to support manufactured-home community preservation.
Committee members spent the longest portion of the meeting discussing how the proposed program would be funded and whether it would draw money from existing housing programs. The transcript records questions from multiple senators about the mortgage insurance fund’s revenue sources and current…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
