Assembly Bill A10213

Signed By Governor
2023-2024 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

Current Bill Status - 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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2023-A10213 (ACTIVE) - Details

See Senate Version of this Bill:
S9414
Law Section:
Private Housing Finance Law
Laws Affected:
Amd §2, Chap 84 of 1993

2023-A10213 (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, 2027 to restructure rents for housing development fund companies that have purchased and are rehabilitating occupied multiple dwellings.

2023-A10213 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10213
 
                           I N  A S S E M B L Y
 
                               May 13, 2024
                                ___________
 
 Introduced  by  COMMITTEE ON RULES -- (at request of 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 extending 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  177  of  the  laws  of  2021,  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, [2024]  2027  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 date  it  shall expire and be deemed repealed except that dwelling units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,  2024,  it  shall  be
 deemed to have been in full force and effect on and after June 30, 2024.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15554-01-4

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