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NY A10213
Bill
Status
6/28/2024
Primary Sponsor
Maritza Davila
Click for details
AI Summary
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Extends the expiration date of Chapter 84 of the Laws of 1993 from June 30, 2024 to June 30, 2027, allowing continued authority to establish initial rents in rehabilitated housing accommodations financed with loans to housing development companies.
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Preserves the rent stabilization status of dwelling units made subject to the rent stabilization law of 1969 under the private housing finance law, ensuring these units remain rent-stabilized even after the act expires.
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Takes effect immediately upon enactment, with a retroactive provision that if enacted after June 30, 2024, the act is deemed in full force and effect as of 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, 2027 to restructure rents for housing development fund companies that have purchased and are rehabilitating occupied multiple dwellings.
Last Action
signed chap.147
6/28/2024