Assembly Bill A957

2019-2020 Legislative Session

Provides that in N.Y. city, the rent following the dissolution date shall be the last rent authorized for the affected dwelling

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2019-A957 (ACTIVE) - Details

Current Committee:
Assembly Housing
Law Section:
Private Housing Finance Law
Laws Affected:
Add §35-a, Priv Hous Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: A9854
2011-2012: A1926
2013-2014: A1128
2015-2016: A723
2017-2018: A4159
2021-2022: A1904
2023-2024: A467

2019-A957 (ACTIVE) - Summary

Provides that in cities with a population of one million or more, the rent following the dissolution date of Mitchell-Lama developments shall be the last rent authorized for the affected dwelling.

2019-A957 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    957
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 14, 2019
                                ___________
 
 Introduced  by  M. of A. L. ROSENTHAL, BENEDETTO, COOK, DINOWITZ, TITUS,
   CYMBROWITZ, COLTON, MOSLEY, BARRON -- Multi-Sponsored by -- M.  of  A.
   GLICK,  GOTTFRIED,  HEVESI, PERRY, RIVERA -- read once and referred to
   the Committee on Housing
 
 AN ACT to amend the private housing finance law, in relation to  limited
   profit housing companies in a city with a population of one million or
   more
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The private housing finance law is amended by adding a  new
 section 35-a to read as follows:
   §  35-A.  RENT  FOLLOWING DISSOLUTION. 1. AS USED IN THIS SECTION, THE
 FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS:
   (A) "AFFECTED DEVELOPMENT" SHALL MEAN HOUSING ACCOMMODATIONS THAT  (I)
 PRIOR  TO  THE  DISSOLUTION  DATE  WERE OPERATED AS A RENTAL DEVELOPMENT
 PURSUANT TO THIS ARTICLE; AND (II) FOLLOWING THE  DISSOLUTION  DATE  ARE
 SUBJECT  TO THE RENT STABILIZATION LAW OF NINETEEN HUNDRED SIXTY-NINE OR
 THE EMERGENCY TENANT PROTECTION ACT OF NINETEEN SEVENTY-FOUR.
   (B) "AFFECTED DWELLING UNIT" SHALL MEAN A HOUSING UNIT IN AN  AFFECTED
 DEVELOPMENT.
   (C)  "AFFECTED  HOUSING  COMPANY"  SHALL MEAN A LIMITED-PROFIT HOUSING
 COMPANY WITH AN AFFECTED DEVELOPMENT.
   (D) "DISSOLUTION DATE" SHALL MEAN, WITH RESPECT TO ANY AFFECTED DEVEL-
 OPMENT, THE DATE OF DISSOLUTION OR RECONSTITUTION OF THE AFFECTED  HOUS-
 ING  COMPANY  WITH SUCH AFFECTED DEVELOPMENT PURSUANT TO SECTION THIRTY-
 FIVE OF THIS ARTICLE.
   2. NOTWITHSTANDING THE PROVISIONS OF ANY  GENERAL,  SPECIAL  OR  LOCAL
 LAW:    (A)  THE  INITIAL LEGAL REGULATED RENT FOR ANY AFFECTED DWELLING
 UNIT ON AND AFTER THE DISSOLUTION DATE SHALL BE THE LAST RENT AUTHORIZED
 FOR THE AFFECTED DWELLING UNIT BEFORE THE  DISSOLUTION  DATE,  INCLUDING
 RENTAL  SURCHARGES,  IF ANY, AND (B) SUCH LEGAL REGULATED RENT SHALL NOT
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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