Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Apr 08, 2020 | referred to housing |
Archive: Last Bill Status - In Assembly Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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Actions
Co-Sponsors
Robert C. Carroll
Jo Anne Simon
Jake Ashby
A10255 (ACTIVE) - Details
- Law Section:
- Real Property
A10255 (ACTIVE) - Summary
Establishes a COVID-19 emergency small landlord assistance fund; provides that local housing authorities shall provide assistance to owners of a real property portfolio whose tenants have had their rent payments suspended for the costs associated with the operation and maintenance of such properties.
A10255 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10255 I N A S S E M B L Y April 8, 2020 ___________ Introduced by M. of A. NIOU -- read once and referred to the Committee on Housing AN ACT in relation to establishing a "COVID-19 emergency small landlord assistance fund" THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. (a) (i) Within amounts appropriated therefor, consisting exclusively of any federal funds made available for such purpose, a "COVID-19 emergency small landlord assistance fund" shall be established and administered by local housing authorities to provide assistance to owners of a real property portfolio whose tenants have had their rent payments suspended pursuant to subdivision (a) of section 1 of a chapter of the laws of 2020 relating to suspending rent payments for certain residential tenants and small business commercial tenants and to suspend certain mortgage payments for ninety days in response to the outbreak of coronavirus, for the costs associated with the operation and maintenance of such properties. Such owners shall be eligible for assistance from such fund if: (A) the real property portfolio is comprised of no more than 50 resi- dential units; and (B) one-third or more of the property's residential or commercial tenants had rental payments suspended pursuant to subdivision (a) of section 1 of a chapter of the laws of 2020 relating to suspending rent payments for certain residential tenants and small business commercial tenants and to suspend certain mortgage payments for ninety days in response to the outbreak of coronavirus; and (C) the property owner is able to demonstrate financial hardship due to the deprivation of such rental income. (ii) No owner of a real property portfolio shall receive more than the total amount of rental payments owed to such owner which were suspended pursuant to subdivision (a) of section 1 of a chapter of the laws of 2020 relating to suspending rent payments for certain residential tenants and small business commercial tenants and to suspend certain mortgage payments for ninety days in response to the outbreak of corona- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets