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NY A07663
Bill
Status
5/19/2021
Primary Sponsor
Maritza Davila
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AI Summary
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Extends the expiration date of Chapter 84 of the laws of 1993 from June 30, 2021 to June 30, 2024, allowing continued authority to restructure rents for housing development fund companies rehabilitating occupied multiple dwellings.
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Preserves the requirement that dwelling units made subject to rent stabilization law under Private Housing Finance Law Section 576-c shall remain subject to such protections indefinitely.
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Takes effect immediately with retroactive application to June 30, 2021 if the bill is enacted after that date.
Legislative Description
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, 2024 to restructure rents for housing development fund companies that have purchased and are rehabilitating occupied multiple dwellings.
Last Action
substituted by s6605
6/7/2021