Senate Passes Neighborhood Preservation Act
ALBANY, NY -- Senator Jeff Klein’s bill, the Neighborhood Preservation Act, yesterday passed the NYS Senate with 47 members voting for the bill and 11 members voting against it. The legislation creates a standard of safety and habitability for bank owned homes which are foreclosed and vacant. Klein’s legislation will allow municipalities to use their discretion in how they chose to clean up these unsitely residential properties and how they choose to get reimbursed for their work whether by issuing violations or through legal action, or by simply billing the bank.
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