Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 01, 2021 |
signed chap.226 |
Jun 24, 2021 |
delivered to governor |
Jun 07, 2021 |
returned to senate passed assembly ordered to third reading rules cal.496 substituted for a7664 |
May 26, 2021 |
referred to housing delivered to assembly passed senate |
May 24, 2021 |
advanced to third reading |
May 20, 2021 |
2nd report cal. |
May 18, 2021 |
1st report cal.1094 |
May 10, 2021 |
referred to housing, construction and community development |
Senate Bill S6604
Signed By Governor2021-2022 Legislative Session
Sponsored By
(D, WF) 31st Senate District
Archive: Last Bill Status - Signed by Governor
- 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
Actions
Votes
2021-S6604 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7664
- Law Section:
- Private Housing Finance Law
- Laws Affected:
- Amd §5, Chap 449 of 1986
2021-S6604 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6604 SPONSOR: JACKSON TITLE OF BILL: An act to amend chapter 449 of the laws of 1986, amending the private housing finance law relating to establishing initial rents in respect of certain loans to owners of existing multiple dwellings, in relation to the effectiveness thereof SUMMARY OF PROVISIONS: This bill extends the existing authority of the local housing agency in the city of New York to restructure rents in residential buildings that have received low-interest, municipally-financed rehabilitation loans under article 8 of the Private Housing Finance Law ("PHFL"). Currently, the ability to restructure rents expires on June 30, 2021. This exten- der would be effective for loans closed on or before June 30, 2024. REASONS FOR SUPPORT:
2021-S6604 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6604 2021-2022 Regular Sessions I N S E N A T E May 10, 2021 ___________ Introduced by Sen. JACKSON -- (at request of the NYC H.P.D.) -- read twice and ordered printed, and when printed to be committed to the Committee on Housing, Construction and Community Development AN ACT to amend chapter 449 of the laws of 1986, amending the private housing finance law relating to establishing initial rents in respect of certain loans to owners of existing multiple dwellings, in relation to the effectiveness thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 5 of chapter 449 of the laws of 1986, amending the private housing finance law relating to establishing initial rents in respect of certain loans to owners of existing multiple dwellings, as amended by chapter 95 of the laws of 2018, is amended to read as follows: § 5. This act shall take effect immediately; provided that the provisions of sections one, two and four of this act shall remain in full force and effect until and including June 30, [2021] 2024, provided further that dwelling units made subject to the rent stabilization law of nineteen hundred sixty-nine pursuant to such sections of this act shall continue to remain subject to such law. § 2. This act shall take effect immediately; provided, however, that if this act shall have become a law after June 30, 2021 it shall be deemed to have been in full force and effect on and after June 30, 2021. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11220-01-1
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