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NY A04889
Bill
Status
Introduced
2/8/2021
Primary Sponsor
Carmen De La Rosa
Click for details
AI Summary
- Requires owners to notify tenants in their native language (in addition to tenant associations) of intentions to convert assisted rental housing
- Requires owners to notify tenants in their native language within 15 days of receiving a bona fide offer to purchase the property
- Notice of bona fide offers must include the proposed purchaser's name and address, and the price and terms of the offer
- Removes the exemption that previously allowed owners to avoid notification if the purchaser agreed to maintain affordable housing status
- Takes effect immediately upon enactment
Legislative Description
Requires notification of tenants in their native language of impending conversions and bona fide offers to purchase.
Last Action
referred to housing
2/8/2021
Committee Referrals
Housing2/8/2021
Full Bill Text
No bill text available