Extends expiration of authority granted to the department of housing preservation and development of the city of New York to restructure rents of dwelling units in buildings foreclosed upon by the federal government.
STATE OF NEW YORK
________________________________________________________________________
9412
IN SENATE
May 15, 2024
___________
Introduced by Sen. CLEARE -- (at request of the NYC H.P.D.) -- read
twice and ordered printed, and when printed to be committed to the
Committee on Housing, Construction and Community Development
AN ACT to amend chapter 253 of the laws of 2004 amending the private
housing finance law relating to rehabilitated multiple dwellings
acquired and reconveyed by the federal government, in relation to the
effectiveness thereof
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 2 of chapter 253 of the laws of 2004 amending the
2 private housing finance law relating to rehabilitated multiple dwellings
3 acquired and reconveyed by the federal government, as amended by chapter
4 178 of the laws of 2021, is amended to read as follows:
5 § 2. This act shall take effect immediately and shall expire and be
6 deemed repealed June 30, [2024] 2027.
7 § 2. This act shall take effect immediately; provided, however, that
8 if this act shall have become a law after June 30, 2024, this act shall
9 take effect immediately and shall be deemed to have been in full force
10 and effect on and after June 30, 2024.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15465-01-4
