NY State Senate Bill 2021-S6607

Senate Bill S6607

Signed By Governor

2021-2022 Legislative Session

Extends certain provisions of chapter 777 of the laws of 1986 amending the private housing finance law relating to small loans to owners of multiple dwellings to remove substandard or insanitary conditions

download bill text pdf

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

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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jun 29, 2021	signed chap.179
Jun 17, 2021	delivered to governor
Jun 03, 2021	returned to senate passed assembly ordered to third reading rules cal.401 substituted for a7711
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.1097
May 10, 2021	referred to housing, construction and community development

Votes

- May 26, 2021 - Floor Vote
  S6607
  
  63
  
  Aye
  
  0
  
  Nay
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Floor Vote: May 26, 2021
      
      aye (63)
      
      Addabbo Jr.
      
      Akshar
      
      Bailey
      
      Benjamin
      
      Biaggi
      
      Borrello
      
      Boyle
      
      Breslin
      
      Brisport
      
      Brooks
      
      Brouk
      
      Comrie
      
      Cooney
      
      Felder
      
      Gallivan
      
      Gaughran
      
      Gianaris
      
      Gounardes
      
      Griffo
      
      Harckham
      
      Helming
      
      Hinchey
      
      Hoylman-Sigal
      
      Jackson
      
      Jordan
      
      Kaminsky
      
      Kaplan
      
      Kavanagh
      
      Kennedy
      
      Krueger
      
      Lanza
      
      Liu
      
      Mannion
      
      Martucci
      
      Mattera
      
      May
      
      Mayer
      
      Myrie
      
      O'Mara
      
      Oberacker
      
      Ortt
      
      Palumbo
      
      Parker
      
      Persaud
      
      Ramos
      
      Rath III
      
      Reichlin-Melnick
      
      Ritchie
      
      Rivera
      
      Ryan
      
      Salazar
      
      Sanders Jr.
      
      Savino
      
      Sepúlveda
      
      Serino
      
      Serrano
      
      Skoufis
      
      Stavisky
      
      Stec
      
      Stewart-Cousins
      
      Tedisco
      
      Thomas
      
      Weik
  May 18, 2021 - Housing, Construction And Community Development Committee Vote
  S6607
  
  11
  
  Aye
  
  0
  
  Nay
  
  0
  
  Aye with Reservations
  
  0
  
  Absent
  
  0
  
  Excused
  
  0
  
  Abstained
  - - Housing, Construction And Community Development Committee Vote: May 18, 2021
      
      aye (11)
      
      Boyle
      
      Brisport
      
      Helming
      
      Jackson
      
      Kavanagh
      
      Mannion
      
      Martucci
      
      Myrie
      
      Rivera
      
      Ryan
      
      Salazar

2021-S6607 (ACTIVE) - Details

See Assembly Version of this Bill:: A7711
Law Section:: Private Housing Finance Law
Laws Affected:: Amd §6, Chap 777 of 1986

2021-S6607 (ACTIVE) - Summary

Extends certain provisions relating to small loans to owners of multiple dwellings to remove substandard or insanitary conditions.

2021-S6607 (ACTIVE) - Sponsor Memo

                                
 
BILL NUMBER: S6607

SPONSOR: JACKSON
 
TITLE OF BILL:

An act to amend chapter 777 of the laws of 1986, amending the private
housing finance law, relating to small loans to owners of multiple
dwellings to remove substandard or insanitary conditions, in relation to
the effectiveness thereof

 
SUMMARY OF PROVISIONS:

This bill amends the Private Housing Finance Law ("PHFL"), to extend the
ability of the local housing agency in the City of New York to restruc-
ture rents in multiple dwellings that are receiving Article 8-A rehabil-
itation loans. Such rent restructuring authority currently expires on
June 30, 2021. This extender would be effective for loans closed on or
before June 30, 2024.

 
REASONS FOR SUPPORT:

Chapter 76 of the Laws of 2014 extended the ability of the local housing
agency in the City of New York, the Department of Housing Preservation
and Development ("HPD"), to establish initial rents in multiple dwell-
ings that are receiving Article 8-A rehabilitation loans. Such rent
restructuring authority currently expires on June 30, 2021. This legis-
lation extends this authority to June 30, 2024.

It is essential that the City of New York continue to have the ability
to restructure rents for its programs that provide low-interest loans
for affordable housing rehabilitation. Rent restructuring is an impor-
tant tool in ensuring that monthly operating costs and debt service
payments will continue to be paid, thereby preventing the abandonment of
residential buildings. Such authority is an important component in HPD's
rehabilitation programs and is codified in other rehabilitation statutes
such as Articles 8, 11 and 15 of the Private Housing Finance Law and
Article 16 of the General Municipal Law.

Accordingly, the Mayor urges the earliest possible favorable consider-
ation of this proposal by the Legislature.

2021-S6607 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6607
 
                        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 777 of the laws of 1986, amending the private
   housing finance law, relating to small loans  to  owners  of  multiple
   dwellings  to remove substandard or insanitary conditions, 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 6 of chapter 777 of the laws of 1986 amending the
 private housing finance law relating to small loans to owners of  multi-
 ple dwellings to remove substandard or insanitary conditions, as amended
 by chapter 98 of the laws of 2018, is amended to read as follows:
   §  6.  This  act  shall  take  effect  immediately;  provided that the
 provisions of sections three, four and five of this act shall remain  in
 full force and effect until and including June 30, [2021] 2024.
   §  2.  This act shall take effect immediately; provided, however, that
 if this act shall have become law after June 30, 2021,  this  act  shall
 take  effect  immediately and shall be retroactive to and 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.
                                                            LBD11219-01-1

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