| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 06, 2010 |
referred to housing, construction and community development |
| Jan 22, 2009 |
referred to housing, construction and community development |
Senate Bill S965
2009-2010 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development Committee
Actions
2009-S965 (ACTIVE) - Details
- Current Committee:
- Senate Housing, Construction And Community Development
- Law Section:
- Private Housing Finance Law
- Laws Affected:
- Amd ยง31, Priv Hous Fin L
- Versions Introduced in 2011-2012 Legislative Session:
-
S2623
2009-S965 (ACTIVE) - Summary
Authorizes a limited profit housing company aggrieved by a decision regarding the maximum rentals permitted to be charged by such company, made by the commissioner of housing and community renewal or by the supervising agency which sets maximum rentals to be charged, to seek arbitration of such decision.
2009-S965 (ACTIVE) - Sponsor Memo
BILL NUMBER: S965
TITLE OF BILL :
An act to amend the private housing finance law, in relation to
providing for arbitration with respect to rental increases granted to
limited-profit housing companies
PURPOSE/SUMMARY OF PROVISIONS :
This bill would add a new subdivision 12 to section 31 of the Private
Housing Finance Law to prevent Mitchell-Lama rent increases within a
two-year period from the date of an earlier increase, unless a shorter
period is requested by the tenant organization or the Board of
Directors in a cooperative. In effect, this bill would fix rent
increases for a period of at least two years for residents of Limited
Profit Housing Company buildings.
JUSTIFICATION :
The Commissioner of the Division of Housing and Community Renewal now
has the discretion for deciding the duration of rent increases (one
year, two years, etc.). In fact, the current practice is to impose
rent increases for not more than a 12-month period. This is totally
unfair to tenants in limited profit housing companies because it
creates much uncertainty and disruption in the financial plans of the
tenants. This legislation would .remove the uncertainty by requiring
that when rents are increased, the increases will remain in effect for
2009-S965 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
965
2009-2010 Regular Sessions
I N S E N A T E
January 22, 2009
___________
Introduced by Sen. KRUGER -- read twice and ordered printed, and when
printed to be committed to the Committee on Housing, Construction and
Community Development
AN ACT to amend the private housing finance law, in relation to provid-
ing for arbitration with respect to rental increases granted to limit-
ed-profit housing companies
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 31 of the private housing finance law is amended by
adding a new subdivision 12 to read as follows:
12. ANY COMPANY AGGRIEVED BY A DECISION MADE BY THE COMMISSIONER OR
THE SUPERVISING AGENCY WHICH SETS THE MAXIMUM RENTALS TO BE CHARGED FOR
ANY DWELLING OR ACCOMMODATION SUBJECT TO THE PROVISIONS OF THIS ARTICLE
MAY CONTEST SUCH DECISION BEFORE AN IMPARTIAL ARBITRATOR CHOSEN IN THE
MANNER FOR, AND UTILIZING THE SERVICES OF, THE AMERICAN ARBITRATION
ASSOCIATION, PROVIDED, HOWEVER, THAT ALL COSTS AND EXPENSES RELATING TO
SUCH ARBITRATION PROCEEDING (OTHER THAN THE EXPENSES DIRECTLY INCURRED
BY THE COMMISSIONER OR THE SUPERVISING AGENCY IN DEFENDING THEIR
ORIGINAL DECISION BEFORE THE ARBITRATOR) SHALL BE PAID BY THE COMPANY.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06796-01-9
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