Senate Bill S5629

2021-2022 Legislative Session

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

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Housing, Construction And Community Development 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

2021-S5629 (ACTIVE) - Details

See Assembly Version of this Bill:
A6595
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
Real Property
Versions Introduced in 2023-2024 Legislative Session:
S3499, A4698

2021-S5629 (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-S5629 (ACTIVE) - Sponsor Memo

2021-S5629 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5629
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                              March 12, 2021
                                ___________
 
 Introduced  by Sens. TEDISCO, GALLIVAN, HELMING, JORDAN, MARTUCCI, OBER-
   ACKER, ORTT, PALUMBO -- read  twice  and  ordered  printed,  and  when
   printed  to be committed to the Committee on Housing, Construction and
   Community Development
 
 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
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10350-01-1
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.