Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 30, 2014 |
signed chap.75 delivered to governor |
Jun 02, 2014 |
returned to senate passed assembly ordered to third reading cal.716 substituted for a9361 |
May 29, 2014 |
referred to ways and means delivered to assembly passed senate |
Apr 30, 2014 |
advanced to third reading |
Apr 29, 2014 |
2nd report cal. |
Apr 28, 2014 |
1st report cal.381 |
Mar 25, 2014 |
referred to housing, construction and community development |
Senate Bill S6884
Signed By Governor2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last 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
Actions
Votes
2013-S6884 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9361
- Law Section:
- Housing
- Laws Affected:
- Amd §5, Chap 449 of 1986
2013-S6884 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6884 TITLE OF BILL: An act to amend chapter 449 of the laws of 1986 amending the private housing finance law relating to establishing initial rents in respect of certain loans to owners of existing multiple dwellings, in relation to the effective date thereof SUMMARY OF PROVISIONS: This bill extends the existing authority of the local housing agency in the City of New York to restructure rents in residential buildings that have received low-interest, municipally-financed rehabilitation loans under Article 8 of the Private Housing Finance Law ("PHFL"). Currently, the ability to restructure rents expires on June 30, 2014. This extender would be effective for loans closed on or before June 30, 2018. REASONS FOR SUPPORT: Chapter 142 of the Laws of 2010 extended the authority of the local housing agency in the City of New York, the Department of Housing Preservation and Development ("HPD"), to restructure rents in dwelling units rehabilitated after June 30, 2010. This authority expires on June 30, 2014. This legislation extends this authority to June 30, 2018, thereby allowing HPD to continue effectively utilizing Article 8 of the PHFL as an essential tool for the rehabilitation of affordable
2013-S6884 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6884 I N S E N A T E March 25, 2014 ___________ Introduced by Sen. YOUNG -- 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 449 of the laws of 1986 amending the private housing finance law relating to establishing initial rents in respect of certain loans to owners of existing multiple dwellings, in relation to the effective date thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 5 of chapter 449 of the laws of 1986 amending the private housing finance law relating to establishing initial rents in respect of certain loans to owners of existing multiple dwellings, as amended by chapter 142 of the laws of 2010, is amended to read as follows: S 5. This act shall take effect immediately; provided that the provisions of sections one, two and four of this act shall remain in full force and effect until and including June 30, [2014] 2018, provided further that dwelling units made subject to the rent stabilization law of nineteen hundred sixty-nine pursuant to such sections of this act shall continue to remain subject to such law. S 2. This act shall take effect immediately; provided, however, that if this act shall have become a law after June 30, 2014, it shall take effect immediately and shall be deemed to have been in full force and effect on and after June 30, 2014. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14525-01-4
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.