Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 27, 2011 |
referred to housing, construction and community development |
Senate Bill S2623
2011-2012 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2011-S2623 (ACTIVE) - Details
- Current Committee:
- Senate Housing, Construction And Community Development
- Law Section:
- Private Housing Finance Law
- Laws Affected:
- Amd ยง31, Priv Hous Fin L
- Versions Introduced in 2009-2010 Legislative Session:
-
S965
2011-S2623 (ACTIVE) - Summary
Authorizes a limited profit housing company aggrieved by a decision regarding the maximum rentals permitted to be charged by such company, made by the commissioner of housing and community renewal or by the supervising agency which sets maximum rentals to be charged, to seek arbitration of such decision.
2011-S2623 (ACTIVE) - Sponsor Memo
BILL NUMBER:S2623 TITLE OF BILL: An act to amend the private housing finance law, in relation to providing for arbitration with respect to rental increases granted to limited-profit housing companies PURPOSE/SUMMARY OF PROVISIONS: This bill would add a new subdivision 12 to section 13 of the Private Housing Finance Law to prevent Mitchell-Lama rent increases within a two-year period from the date of an earlier increase, unless a shorter period is requested by the tenant organization or the Board of Directors in a cooperative. In effect, this bill would fix rent increases for a period of at least two years for residents of Limited Profit Housing Company buildings. JUSTIFICATION: The Commissioner of the Division of Housing and Community Renewal now has the discretion for deciding the duration of rent increases (one year, two years, etc.). In fact, the current practice is to impose rent increases for not more than a 12-month period. This is totally unfair to tenants in limited profit housing companies because it creates much uncertainty and disruption in the financial plans of the tenants. This legislation would .remove the uncertainty by requiring that when rents are increased, the increases
2011-S2623 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2623 2011-2012 Regular Sessions I N S E N A T E January 27, 2011 ___________ Introduced by Sen. KRUGER -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to amend the private housing finance law, in relation to provid- ing for arbitration with respect to rental increases granted to limit- ed-profit housing companies THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 31 of the private housing finance law is amended by adding a new subdivision 13 to read as follows: 13. ANY COMPANY AGGRIEVED BY A DECISION MADE BY THE COMMISSIONER OR THE SUPERVISING AGENCY WHICH SETS THE MAXIMUM RENTALS TO BE CHARGED FOR ANY DWELLING OR ACCOMMODATION SUBJECT TO THE PROVISIONS OF THIS ARTICLE MAY CONTEST SUCH DECISION BEFORE AN IMPARTIAL ARBITRATOR CHOSEN IN THE MANNER FOR, AND UTILIZING THE SERVICES OF, THE AMERICAN ARBITRATION ASSOCIATION, PROVIDED, HOWEVER, THAT ALL COSTS AND EXPENSES RELATING TO SUCH ARBITRATION PROCEEDING (OTHER THAN THE EXPENSES DIRECTLY INCURRED BY THE COMMISSIONER OR THE SUPERVISING AGENCY IN DEFENDING THEIR ORIGINAL DECISION BEFORE THE ARBITRATOR) SHALL BE PAID BY THE COMPANY. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07059-01-1
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