Bill
Bill > A01105
NY A01105
NY A01105Initiates a four year moratorium on privatization voting by Mitchell-Lama building shareholders between failed dissolution votes.
summary
Introduced
01/14/2019
01/14/2019
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
AN ACT to amend the private housing finance law, in relation to initiating a four-year moratorium on privatization voting by Mitchell-Lama building shareholders The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill amends the Private Housing Finance Law to initiate a four-year moratorium on privatization voting by Mitchell-Lama building shareholders after a failed dissolution vote. The Mitchell-Lama program is a New York state housing program that provides affordable rental and cooperative housing. The bill allows local governments to enact even more restrictive laws on this process, and clarifies that the moratorium does not diminish any other applicable legal requirements.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
referred to housing (on 01/08/2020)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...