Assembly Bill A6595

2021-2022 Legislative Session

Establishes a rental assistance loan-to-grant program to assist landlords due to the COVID-19 pandemic

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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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2021-A6595 (ACTIVE) - Details

See Senate Version of this Bill:
S5629
Current Committee:
Assembly Housing
Law Section:
Real Property
Versions Introduced in 2023-2024 Legislative Session:
A4698, S3499

2021-A6595 (ACTIVE) - Summary

Establishes a rental assistance loan-to-grant program to assist landlords of small rental properties who have lost rental income due to the inability of the landlords' tenants to pay rent during the COVID-19 state disaster emergency.

2021-A6595 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6595
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 19, 2021
                                ___________
 
 Introduced  by  M. of A. SMULLEN, J. A. GIGLIO -- read once and referred
   to the Committee on Housing
 
 AN ACT to establish a rental assistance loan-to-grant program to  assist
   landlords  of  small rental properties who have lost rental income due
   to the inability of the landlords' tenants  to  pay  rent  during  the
   COVID-19  state  disaster  emergency;  and providing for the repeal of
   such provisions upon the expiration thereof
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. 1. (a) There shall be established in the New York Division
 of Housing and  Community  Renewal  a  rental  assistance  loan-to-grant
 program  ("the  program") to assist landlords of small rental properties
 who have lost rental income due  to  the  inability  of  the  landlord's
 tenants  to  pay  rent  during the period of the COVID-19 state disaster
 emergency declared pursuant to executive order 202 of 2020. The  program
 shall  be  administered  by the Commissioner of the New York Division of
 Housing and Community Renewal.
   (b) The program shall provide loans to landlords of residential  prop-
 erties  containing  up  to  six rental units for the purpose of covering
 rent arrearages owed by tenants of the building who were unable  to  pay
 rent during the COVID-19 state disaster emergency due to unemployment or
 medical  emergency  and  accrued  during  the  state  disaster emergency
 declared pursuant to executive order 202 of 2020.  If  a  tenant  subse-
 quently  pays  the landlord the arrearages in rent, in whole or in part,
 the landlord shall pay such funds to the  program  as  full  or  partial
 repayment of the loan. If a tenant does not pay the landlord the arrear-
 ages  in  rent,  that  portion  of  the  loan  from the program shall be
 converted by the Division of Housing and Community Renewal into a  grant
 to  the  landlord and the landlord shall be held harmless from any obli-
 gation to repay such portion of the loan, absent any fraud.
   2. The program shall be funded with monies from the following sources:
   (a) all funds received by the state of New York from the federal Emer-
 gency Rental Assistance program;
 
              

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