Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2024 |
referred to housing |
Apr 03, 2023 |
referred to housing |
Assembly Bill A6127
2023-2024 Legislative Session
Sponsored By
HUNTER
Current Bill Status - In Assembly 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
co-Sponsors
Chantel Jackson
Deborah Glick
Jo Anne Simon
2023-A6127 (ACTIVE) - Details
- Current Committee:
- Assembly Housing
- Law Section:
- Real Property Law
- Laws Affected:
- Add Art 11 §§360 - 364, RP L
2023-A6127 (ACTIVE) - Summary
Prohibits corporate entity, real estate developer, or residential building contractor from directly or indirectly purchasing, owning, building, acquiring, or otherwise obtaining any interest in any single-family private dwelling and converting such property into residential real estate containing one rental unit.
2023-A6127 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6127 2023-2024 Regular Sessions I N A S S E M B L Y April 3, 2023 ___________ Introduced by M. of A. HUNTER -- read once and referred to the Committee on Housing AN ACT to amend the real property law, in relation to prohibiting corpo- rate entities, developers, and contractors from converting single-fa- mily homes into a rental property unit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The real property law is amended by adding a new article 11 to read as follows: ARTICLE 11 RENTAL OF SINGLE-FAMILY PRIVATE DWELLINGS SECTION 360. LEGISLATIVE FINDINGS. 361. DEFINITIONS. 362. SINGLE-FAMILY PRIVATE DWELLING RENTAL RESTRICTED. 363. ENFORCEMENT. 364. RULES AND REGULATIONS. § 360. LEGISLATIVE FINDINGS. THE LEGISLATURE FINDS THAT IT IS IN THE INTERESTS OF THE STATE TO ENCOURAGE AND PROTECT HOME OWNERSHIP AND THE SINGLE-FAMILY HOME AS A BASIC HOUSING OPTION, TO ALLOW FAMILIES INCREASED ACCESS TO HOUSING THROUGH HOMEOWNERSHIP, FOR FAMILIES TO BUILD EQUITY AND WEALTH THROUGH THEIR HOUSING, AND TO ENHANCE AND PROMOTE THE STABILITY AND WELL-BEING OF FAMILIES AND SOCIETY IN NEW YORK. § 361. DEFINITIONS. AS USED IN THIS ARTICLE, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: 1. "AFFORDABLE HOUSING" MEANS AT LEAST TWO-THIRDS OF AN ENTITY'S RENTAL UNITS ARE RENTED TO AN INDIVIDUAL OR FAMILY WITH AN ANNUAL INCOME OF UP TO FIFTY PERCENT OF THE AREA MEDIAN INCOME AS DETERMINED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, ADJUSTED FOR FAMILY SIZE, THAT IS PAYING NO MORE THAN THIRTY PERCENT OF ANNUAL INCOME ON RENT. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10492-01-3 A. 6127 2
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