senate Bill S5233

2015-2016 Legislative Session

Relates to limited profit housing companies

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Sponsored By

Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development 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 06, 2016 referred to housing, construction and community development
May 08, 2015 referred to housing, construction and community development

Co-Sponsors

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S5233 (ACTIVE) - Details

Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Emergency Tenant Protection Act of 1974
Laws Affected:
Amd §5, Emerg Ten Prot Act of 1974
Versions Introduced in Other Legislative Sessions:
2009-2010: S3326
2011-2012: S1010
2013-2014: S1169

S5233 (ACTIVE) - Summary

Relates to limited profit housing companies.

S5233 (ACTIVE) - Sponsor Memo

S5233 (ACTIVE) - Bill Text download pdf

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

                                  5233

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                               May 8, 2015
                               ___________

Introduced by Sens. STEWART-COUSINS, ADDABBO, HASSELL-THOMPSON, HOYLMAN,
  PARKER,  PERALTA, PERKINS, SERRANO, SQUADRON -- 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.
  The legislature therefore declares that in order to prevent uncertain-
ty, potential hardship and dislocation  of  tenants  living  in  housing
accommodations  subject  to  government  regulations  as  to rentals and
continued occupancy as well as those not subject  to  such  regulations,
the  provisions  of this act are necessary to protect the public health,
safety and general welfare. The necessity in the public interest for the

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