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NY S08529

Bill

Official Source

Status

Introduced

5/9/2018

Primary Sponsor

Elizabeth Little

Click for details

Origin

Senate

2017-2018 General Assembly

AI Summary

  • Extends the expiration date of chapter 449 of the laws of 1986 from June 30, 2018 to June 30, 2021, relating to establishing initial rents for loans to owners of existing multiple dwellings
  • Maintains the authority granted to the city of New York to restructure rents in buildings receiving municipally financed rehabilitation loans for an additional three-year period
  • Preserves the rent stabilization status of dwelling units made subject to the rent stabilization law of 1969 under the prior provisions
  • Takes effect immediately upon enactment, with retroactive application if enacted after June 30, 2018

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

REFERRED TO CITIES

5/9/2018

Committee Referrals

Cities5/9/2018

Full Bill Text

No bill text available