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Senate Bill S2300

2011-2012 Legislative Session

Limits certain rent increases by limited-profit housing companies

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Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development Committee

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2011-S2300 (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 2009-2010 Legislative Session:
S163

2011-S2300 (ACTIVE) - Summary

Provides that no application or motion for an increase in the maximum rental per room for limited-profit housing company projects shall be entertained or acted upon for a period of two years from the date of any previous order of the commissioner or supervising agency for the increase of maximum rent affecting the same dwelling unless a shorter period is requested by the tenant organization or board of directors in a cooperative.

2011-S2300 (ACTIVE) - Sponsor Memo

2011-S2300 (ACTIVE) - Bill Text download pdf 

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

                                  2300

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 18, 2011
                               ___________

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 applica-
  tions  for increases in rental rates for limited-profit housing compa-
  nies

  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 1-a to read as follows:
  1-A.  NOTWITHSTANDING  ANY  OTHER  PROVISION OF LAW, NO APPLICATION OR
MOTION FOR AN INCREASE IN THE MAXIMUM RENTAL PER ROOM  SHALL  BE  ENTER-
TAINED  OR  ACTED UPON UNDER THIS SECTION FOR A PERIOD OF TWO YEARS FROM
THE DATE OF ANY PREVIOUS ORDER OF THE COMMISSIONER OR SUPERVISING AGENCY
FOR THE INCREASE OF MAXIMUM RENT AFFECTING THE SAME  DWELLING  UNLESS  A
SHORTER  PERIOD  IS REQUESTED BY THE TENANT ORGANIZATION OR THE BOARD OF
DIRECTORS IN A COOPERATIVE.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07440-01-1

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