Assembly Bill A7663

Signed By Governor
2021-2022 Legislative Session

Extends provisions relating to the department of housing preservation and development in the city of New York

download bill text pdf

Sponsored By

Archive: Last Bill Status Via S6605 - Signed by Governor

  • 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

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2021-A7663 (ACTIVE) - Details

See Senate Version of this Bill:
S6605
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §2, Chap 84 of 1993

2021-A7663 (ACTIVE) - Summary

Extends the existing authority of the local housing agency in the city of New York, the department of housing preservation and development until June 30, 2024 to restructure rents for housing development fund companies that have purchased and are rehabilitating occupied multiple dwellings.

2021-A7663 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7663
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 19, 2021
                                ___________
 
 Introduced by M. of A. DAVILA -- read once and referred to the Committee
   on Housing
 
 AN  ACT  to  amend  chapter  84 of the laws of 1993 amending the private
   housing finance law relating to  establishment  of  initial  rents  in
   housing accommodations rehabilitated with loans to housing development
   companies, in relation to the effectiveness thereof

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 2 of chapter 84 of the laws of  1993  amending  the
 private  housing  finance law relating to establishment of initial rents
 in housing accommodations rehabilitated with loans to  housing  develop-
 ment companies, as amended by chapter 93 of the laws of 2018, is amended
 to read as follows:
   §  2.  This act shall take effect immediately and shall remain in full
 force and effect until and including June 30, [2021]  2024  after  which
 date  it  shall expire and be deemed repealed except that dwelling units
 made subject to the rent stabilization law of  nineteen  hundred  sixty-
 nine  pursuant  to subdivision 2 of section 576-c of the private housing
 finance law, as added by section one of  this  act,  shall  continue  to
 remain subject to such law.
   §  2.  This act shall take effect immediately; provided, however, that
 if this act shall have become a law after June 30, 2021, it  shall  take
 effect  immediately  and shall be retroactive to and deemed to have been
 in full force and effect on and after June 30, 2021.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11214-01-1

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