Bill > A01297

This bill amends the Private Housing Finance Law to give the Commissioner or the supervising agency the authority to take necessary and proper steps to address violations or threatened violations by limited profit housing companies. This includes the ability to commence an action or proceeding in the Supreme Court to stop and prevent such violations, and the court may appoint a temporary or permanent receiver if necessary. The bill aims to provide additional remedies to the Commissioner or supervising agency to address issues with limited profit housing companies.