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NY S06884

Bill

Official Source

Status

Passed

6/30/2014

Primary Sponsor

Catharine Young

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Amends Chapter 449 of the Laws of 1986 relating to private housing finance law and initial rents for loans to owners of existing multiple dwellings
  • Extends the expiration date of provisions in sections one, two, and four from June 30, 2014 to June 30, 2018
  • Maintains rent stabilization status for dwelling units that became subject to the rent stabilization law of 1969 under the affected sections
  • Takes effect immediately, with retroactive application to June 30, 2014 if enacted after that date

Legislative Description

Extends expiration of authority granted to the city of New York to restructure the rents of units in buildings receiving municipally financed rehabilitation loans.

Last Action

SIGNED CHAP.75

6/30/2014

Committee Referrals

Ways and Means5/29/2014
Housing, Construction, and Community Development3/25/2014

Full Bill Text

No bill text available