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Bill > A10255
NY A10255
NY A10255Establishes a COVID-19 emergency small landlord assistance fund; provides that local housing authorities shall provide assistance to owners of a real property portfolio whose tenants have had their rent payments suspended for the costs associated with the operation and maintenance of such properties.
summary
Introduced
04/08/2020
04/08/2020
In Committee
04/08/2020
04/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
Establishes a COVID-19 emergency small landlord assistance fund; provides that local housing authorities shall provide assistance to owners of a real property portfolio whose tenants have had their rent payments suspended for the costs associated with the operation and maintenance of such properties.
AI Summary
This bill establishes a COVID-19 emergency small landlord assistance fund, where local housing authorities will provide financial assistance to owners of real property portfolios with 50 or fewer residential units if at least one-third of their tenants had their rent payments suspended due to the coronavirus outbreak. The assistance is intended to cover the costs associated with operating and maintaining these properties, and the amount provided will be reduced by any mortgage relief the property owner has already received. Eligible property owners must demonstrate financial hardship due to the loss of rental income.
Committee Categories
Housing and Urban Affairs
Sponsors (4)
Last Action
referred to housing (on 04/08/2020)
Official Document
bill text
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bill summary
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bill summary
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