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NY A10210

NY A10210
Extends certain provisions relating to establishing initial rents in respect of certain loans to owners of existing multiple dwellings to June 30, 2027.


summary

Introduced
05/13/2024
In Committee
05/23/2024
Crossed Over
05/28/2024
Passed
06/26/2024
Dead
Signed/Enacted/Adopted
06/28/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend chapter 449 of the laws of 1986, amending the private housing finance law relating to establishing initial rents in respect of certain loans to owners of existing multiple dwellings, in relation to the effectiveness thereof

AI Summary

This bill extends certain provisions relating to establishing initial rents for certain loans to owners of existing multiple dwellings until June 30, 2027. The bill amends a previous law from 1986 that allowed for the establishment of initial rents for certain loans, which was previously set to expire on June 30, 2024. The bill extends this expiration date to June 30, 2027, ensuring that dwelling units made subject to the rent stabilization law of 1969 pursuant to this law will continue to remain subject to such law.

Committee Categories

Housing and Urban Affairs

Sponsors (1)

Last Action

signed chap.145 (on 06/28/2024)

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