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NY A07533
Bill
Status
4/1/2025
Primary Sponsor
Rodneyse Bichotte Hermelyn
Click for details
AI Summary
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Expands eligibility for non-purchasing tenant protections during cooperative or condominium conversions to include household members age 62 or older who have lived in the unit for at least one year, not just the tenant of record
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Extends the same protections to disabled household members who have resided in the unit for at least one year prior to the conversion plan filing date
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Changes the definition of "eligible disabled persons" from those who cannot engage in "substantial gainful employment" to those whose impairment "substantially limits one or more major life activities"
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Requires tenants to elect non-purchasing tenant status within 60 days of the attorney general accepting the conversion plan, while preserving the right to later purchase the unit on terms offered to other tenants
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Amends three sections of the General Business Law (352-e, 352-eee, and 352-eeee) governing different types of cooperative and condominium conversion plans
Legislative Description
Expands definition of eligible senior citizen and disabled person to include any member of the tenant's household lawfully occupying the premises as such person's residence who is 62 years of age with respect to condominium and cooperative conversion to provide protection to disabled and senior citizen non-purchasing residents of buildings that undergo cooperative or condominium conversions under an eviction plan even where such residents are not tenants of record in the buildings.
Last Action
referred to housing
1/7/2026