A00723 Summary:

BILL NOA00723
 
SAME ASNo Same As
 
SPONSORRosenthal
 
COSPNSRBenedetto, Robinson, Cook, Wright, Markey, Titone, Dinowitz, Kavanagh, Titus, Cymbrowitz, Colton, Mosley, Linares
 
MLTSPNSRBrennan, Farrell, Glick, Gottfried, Hevesi, Perry, Rivera
 
Add S35-a, Priv Hous Fin L
 
Provides that in cities with a population of one million or more, the rent following the dissolution date of Mitchell-Lama developments shall be the last rent authorized for the affected dwelling.
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A00723 Actions:

BILL NOA00723
 
01/07/2015referred to housing
06/03/2015reported referred to rules
06/08/2015reported
06/08/2015rules report cal.51
06/08/2015ordered to third reading rules cal.51
01/06/2016referred to housing
04/12/2016reported
04/14/2016advanced to third reading cal.498
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A00723 Committee Votes:

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A00723 Floor Votes:

There are no votes for this bill in this legislative session.
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A00723 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                           723
 
                               2015-2016 Regular Sessions
 
                   IN ASSEMBLY
 
                                     January 7, 2015
                                       ___________
 
        Introduced  by  M.  of  A. ROSENTHAL, BENEDETTO, ROBINSON, COOK, WRIGHT,
          CAMARA, MARKEY, TITONE, DINOWITZ, KAVANAGH, TITUS, CYMBROWITZ, COLTON,
          BROOK-KRASNY, MOSLEY --  Multi-Sponsored  by  --  M.  of  A.  BRENNAN,
          FARRELL, GLICK, GOTTFRIED, HEASTIE, HEVESI, PERRY, RIVERA -- read once
          and referred to the Committee on Housing
 
        AN  ACT to amend the private housing finance law, in relation to limited
          profit housing companies in a city with a population of one million or
          more
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1. The private housing finance law is amended by adding a new
     2  section 35-a to read as follows:
     3    § 35-a. Rent following dissolution. 1. As used in  this  section,  the
     4  following terms shall have the following meanings:
     5    (a)  "Affected development" shall mean housing accommodations that (i)
     6  prior to the dissolution date were  operated  as  a  rental  development
     7  pursuant  to  this  article; and (ii) following the dissolution date are
     8  subject to the rent stabilization law of nineteen hundred sixty-nine  or
     9  the emergency tenant protection act of nineteen seventy-four.
    10    (b)  "Affected dwelling unit" shall mean a housing unit in an affected
    11  development.
    12    (c) "Affected housing company" shall  mean  a  limited-profit  housing
    13  company with an affected development.
    14    (d) "Dissolution date" shall mean, with respect to any affected devel-
    15  opment,  the date of dissolution or reconstitution of the affected hous-
    16  ing company with such affected development pursuant to  section  thirty-
    17  five of this article.
    18    2.  Notwithstanding  the  provisions  of any general, special or local
    19  law:  (a) the initial legal regulated rent  for  any  affected  dwelling
    20  unit on and after the dissolution date shall be the last rent authorized
    21  for  the  affected  dwelling unit before the dissolution date, including
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04097-01-5

        A. 723                              2
 
     1  rental surcharges, if any, and (b) such legal regulated rent  shall  not
     2  at  any  time  be  subject  to  adjustment  pursuant to subdivision a of
     3  section 26-513 of the administrative code of the city of  New  York,  or
     4  subdivision  a  of  section  9  of  section  4  of  the emergency tenant
     5  protection act of nineteen seventy-four.
     6    § 2. This act shall take effect immediately.
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