senate Bill S1010

2011-2012 Legislative Session

Relates to limited profit housing companies

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Sponsored By

Archive: Last Bill Status - In Senate Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to housing, construction and community development
Jan 05, 2011 referred to housing, construction and community development

Co-Sponsors

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S1010 - Details

Law Section:
Emergency Tenant Protection Act of 1974
Laws Affected:
Amd §5, Emerg Ten Prot Act of 1974
Versions Introduced in 2009-2010 Legislative Session:
S3326D

S1010 - Summary

Relates to limited profit housing companies.

S1010 - Sponsor Memo

S1010 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1010

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by  Sens.  STEWART-COUSINS,  ADAMS,  ADDABBO,  DIAZ,  DILAN,
  HASSELL-THOMPSON, HUNTLEY, KLEIN, KRUEGER, PARKER,  PERALTA,  PERKINS,
  SAVINO, SERRANO, SQUADRON, STAVISKY -- 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 emergency tenant protection act of  nineteen  seven-
  ty-four,  in  relation  to  limited-profit housing companies and other
  buildings or structures which received project-based rental assistance

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.    Legislative  findings and declaration of emergency. The
legislature hereby finds and declares that the serious public  emergency
which  led  to the enactment of the existing laws regulating residential
rents and evictions continues to exist;  that  such  laws  would  better
serve  the public interest if certain changes were made thereto, includ-
ing extending to certain cities, towns and  villages  the  authority  to
provide for the regulation of rents and evictions with regard to housing
accommodations  that  cease  or  have ceased to be regulated pursuant to
article 2 of the private housing finance law, known as the Mitchell-Lama
law, or pursuant to project-based section eight contracts  entered  into
with the federal government.
  The  legislature  further  recognizes  that  severe  disruption of the
rental housing market has occurred and threatens to be exacerbated as  a
result  of  the  abrupt termination of rent and eviction regulation when
buildings exit the Mitchell-Lama program or when buildings cease  to  be
subject  to  project-based  section  eight  contracts. The situation had
permitted speculative and profiteering practices and has  brought  about
the  loss  of  vital  and  irreplaceable  affordable housing for working
persons and families.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04041-01-1

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