NY S07830

Modifies voting procedures for mutual housing companies to require secret ballots for elections, bylaw amendments, dissolution, reconstitution, and conversion votes, with absentee ballots allowed only to primary residence addresses and signed on outer envelope only.

Changes board meeting requirements from six to four annually for mutual housing companies, with all meetings open to shareholders and residents except executive sessions for confidential personnel, legal, or individual shareholder matters.

Reduces approval threshold for feasibility studies and special assessments from 80% to two-thirds of dwelling units, while maintaining 80% threshold for votes authorizing offering plans, proxy statements, and dissolution/reconstitution filings with the attorney general.

Lowers approval threshold to two-thirds for dissolution and reconstitution conversions to housing companies under article eleven that remain under commissioner supervision, with special assessments to fund related materials rather than operating budget funds.

Continues prohibition on mutual housing companies and urban rental companies from dissolving or initiating dissolution proceedings during the COVID-19 state disaster emergency declared by executive order 202 of 2020.