Bill

Bill > A06276


NY A06276

NY A06276
Relates to requirements for a building owner to refuse to renew a lease under the real estate industry stabilization code; requires the owner of a building to be demolished to prove that he or she has the financial ability to complete demolition of the building.


summary

Introduced
04/03/2023
In Committee
04/25/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the administrative code of the city of New York, in relation to requirements for a building owner to refuse to renew a lease when the building is to be demolished

AI Summary

This bill amends the administrative code of New York City to require building owners to prove they have the financial ability to complete demolition of a building before they can refuse to renew a lease. Specifically, the bill requires the building owner to establish to the satisfaction of the Division of Housing and Community Renewal that they intend to demolish the building and construct a new one, have obtained the necessary permits and approved plans from the Department of Buildings, and have the financial ability to complete the demolition and construction project.

Committee Categories

Housing and Urban Affairs

Sponsors (5)

Last Action

ordered to third reading cal.178 (on 01/03/2024)

Bill Topics

Community Development and Housing Issues
  • ‐ Community and Regional Development
  • ‐ Housing and Community Development for Low and Middle Income Persons

bill text


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