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Bill > S09413


NY S09413

NY S09413
Extends the authority of the local housing agency in New York city to restructure rents in certain residential buildings.


summary

Introduced
05/15/2024
In Committee
05/15/2024
Crossed Over
Passed
Dead
12/31/2024

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 the authority of the local housing agency in New York City to restructure rents in certain residential buildings until June 30, 2027. Specifically, it amends a previous law that allowed the restructuring of rents for certain multiple dwellings, extending the expiration date of this provision from June 30, 2024 to June 30, 2027. This will allow the housing agency to continue its rent restructuring efforts in these designated residential buildings for an additional three years.

Committee Categories

Housing and Urban Affairs

Sponsors (2)

Last Action

SUBSTITUTED BY A10210 (on 05/28/2024)

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