New York S06774 amends the definition of "probable aggregate annual income" for eligibility in limited profit and limited dividend housing companies.

New York S06774 amends the definition of "probable aggregate annual income" for purposes of determining eligibility for limited profit and limited dividend housing companies. It specifies that this income is the annual net income after federal, state, and municipal income taxes are deducted from the gross income of the chief wage earner. The bill affects families seeking housing in limited profit and limited dividend housing companies, ensuring their income is accurately assessed for eligibility.

New York S06774 amends the definition of "probable aggregate annual income" for eligibility in limited profit and limited dividend housing companies.

New York S06774 amends the definition of "probable aggregate annual income" for purposes of determining eligibility for limited profit and limited dividend housing companies. It specifies that this income is the annual net income after federal, state, and municipal income taxes are deducted from the gross income of the chief wage earner. The bill affects families seeking housing in limited profit and limited dividend housing companies, ensuring their income is accurately assessed for eligibility.