Bill Text: NY A10213 | 2023-2024 | General Assembly | Introduced

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Bill Title: Extends the existing authority of the local housing agency in the city of New York, the department of housing preservation and development until June 30, 2027 to restructure rents for housing development fund companies that have purchased and are rehabilitating occupied multiple dwellings.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2024-05-22 - ordered to third reading rules cal.126 [A10213 Detail]

Download: New_York-2023-A10213-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          10213

                   IN ASSEMBLY

                                      May 13, 2024
                                       ___________

        Introduced  by  COMMITTEE ON RULES -- (at request of M. of A. Davila) --
          read once and referred to the Committee on Housing

        AN ACT to amend chapter 84 of the laws of  1993,  amending  the  private
          housing  finance  law  relating  to  establishment of initial rents in
          housing accommodations rehabilitated with loans to housing development
          companies, in relation to extending the effectiveness thereof

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Section 2 of chapter 84 of the laws of 1993, amending the
     2  private housing finance law relating to establishment of  initial  rents
     3  in  housing  accommodations rehabilitated with loans to housing develop-
     4  ment companies, as amended by chapter  177  of  the  laws  of  2021,  is
     5  amended to read as follows:
     6    §  2.  This act shall take effect immediately and shall remain in full
     7  force and effect until and including June 30, [2024]  2027  after  which
     8  date  it  shall expire and be deemed repealed except that dwelling units
     9  made subject to the rent stabilization law of  nineteen  hundred  sixty-
    10  nine  pursuant  to subdivision 2 of section 576-c of the private housing
    11  finance law, as added by section one of  this  act,  shall  continue  to
    12  remain subject to such law.
    13    §  2.  This act shall take effect immediately; provided, however, that
    14  if this act shall have become a law after June 30,  2024,  it  shall  be
    15  deemed to have been in full force and effect on and after June 30, 2024.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15554-01-4