Bill > S02660

This bill aims to protect the rights of current and converted Mitchell-Lama residents, which refers to a housing program in New York that provides affordable rental and cooperative housing. The key provisions of the bill include: establishing an independent agency to handle Mitchell-Lama complaints, eliminating the approval of refinancing and conversion "windfall" deals unless detailed financial documentation is provided, requiring final approval from the city or state comptroller for all rent and carrying charge increases, prohibiting rent increases based on unverified future expenses or losses, eliminating audit surcharges unless a resident's income confirms they are subject to it, and providing legal representation and support for Mitchell-Lama-related cases in the state courts.