Bill > S03758

This bill expands protections for senior citizens and disabled persons in condominium and cooperative housing conversions by modifying existing legal definitions. Specifically, the bill broadens the definition of "eligible senior citizens" and "eligible disabled persons" to include not just tenants of record who are 62 years or older or have a substantial disability, but also any household member lawfully residing in the premises who meets those age or disability criteria. To qualify, these household members must have lived in the housing accommodation for at least one year preceding the conversion date. The bill maintains existing provisions that allow these residents to become non-purchasing tenants during a conversion and preserves their right to potentially purchase their unit later. The changes apply to multiple sections of New York's General Business Law governing housing conversions, and are designed to provide additional housing stability for seniors and disabled individuals who might otherwise be vulnerable during property ownership transitions. The bill aims to ensure that family members or other household residents who are seniors or have disabilities are not inadvertently displaced during condominium or cooperative conversion processes.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/S3758