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NY A10210

Bill

Official Source

Status

Passed

6/28/2024

Primary Sponsor

George Alvarez

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Amends Chapter 449 of the Laws of 1986 regarding the Private Housing Finance Law and initial rent establishment for loans to existing multiple dwelling owners
  • Extends the expiration date of Sections 1, 2, and 4 from June 30, 2024 to June 30, 2027
  • Maintains rent stabilization protections for dwelling units subject to the 1969 rent stabilization law under these sections
  • Takes effect immediately, with retroactive application if enacted after June 30, 2024

Legislative Description

Extends certain provisions relating to establishing initial rents in respect of certain loans to owners of existing multiple dwellings to June 30, 2027.

Last Action

signed chap.145

6/28/2024

Committee Referrals

Housing, Construction, and Community Development5/23/2024
Rules5/21/2024
Housing5/13/2024

Full Bill Text

No bill text available