Bill Text: NY A10040 | 2017-2018 | General Assembly | Introduced

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Bill Title: Requires notification of tenants in their native language of impending conversions and bona fide offers to purchase.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2018-03-08 - referred to housing [A10040 Detail]

Download: New_York-2017-A10040-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          10040
                   IN ASSEMBLY
                                      March 8, 2018
                                       ___________
        Introduced  by  M.  of  A.  DE LA ROSA  -- read once and referred to the
          Committee on Housing
        AN ACT to amend the administrative code of the  city  of  New  York,  in
          relation to requiring notification of tenants in their native language
          of impending conversions and bona fide offers to purchase
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision (a) of section  26-802  of  the  administrative
     2  code  of  the  city  of New York, as added by local law number 79 of the
     3  city of New York for the year 2005, is amended to read as follows:
     4    (a) Notice shall be provided by the owner to the  tenant  association,
     5  or  if  no  tenant  association  exists, to each tenant in such tenant's
     6  native language, and to the department of the intention of the owner  to
     7  take  any  action  that  will  result  in the conversion of the assisted
     8  rental housing.
     9    § 2. Section 26-803 of the administrative code  of  the  city  of  New
    10  York,  as  added  by local law number 79 of the city of New York for the
    11  year 2005, is amended to read as follows:
    12    § 26-803 Notification of bona fide offer to  purchase.  [(a)]  If  the
    13  owner receives a bona fide offer to purchase and intends to consider, or
    14  respond  to  such  bona  fide  offer  to  purchase, then notice shall be
    15  provided by the owner to a tenant association, or if no  tenant  associ-
    16  ation  exists,  to  each  tenant in such tenant's native language, or if
    17  applicable, a qualified entity, and the department, no more than fifteen
    18  days from the date that such bona fide offer to purchase is delivered to
    19  the owner. Such notice shall contain the following information:
    20    [(1)] (a) The name and address of the proposed  bona  fide  purchaser;
    21  and
    22    [(2)] (b) The price and terms and conditions of the offer[;
    23    (b)  The  owner  shall not be required to provide notice in accordance
    24  with subdivision a of this section if the bona fide purchaser making the
    25  offer agrees to maintain the assisted rental housing as affordable.  The
    26  bona fide purchaser shall be required to inform the department as to how
    27  such  bona fide purchaser intends to keep the assisted rental housing as
    28  affordable].
    29    § 3. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11342-02-7