Relates to the creation of a statewide residential rental registry providing information relating to rental units including the number and types of code violations issued by the appropriate enforcement agency, and the number of findings of harassment currently on record with the code enforcement agencies.
S 2433 establishes protections for residents and cooperatives when ground leases for apartment buildings expire. It requires cooperatives to dissolve properly within 10 days of lease expiration and automatically grants residents tenant status under New York's rent laws, ensuring their housing remains regulated. The bill also gives the cooperative a 120-day right to purchase the underlying land if the landowner sells, with specific notice and timing requirements for both parties. These changes directly affect ground lease residential co-ops and their residents in New York, ensuring continuity of housing and rent protections upon lease termination.
This bill prohibits individuals who own or manage more than four rental units in New York State from serving as public members on rent guidelines boards. It directly affects small-scale landlords (those managing 5+ units) by barring them from these boards, which set rent guidelines in areas with housing emergencies. The key provision amends existing law to add this restriction, ensuring public members have no direct financial stake in rental properties covered by the law. The change applies to all such boards statewide, including New York City's.
Establishes the "New York student loan assistance and home purchase act" for the purposes of facilitating the purchase of homes by individuals who are burdened by student debt, by providing financing opportunities for the consolidation of student debt into a mortgage.
This bill (S 6971) sets new documentation requirements for lenders seeking to foreclose on residential mortgages in New York. It requires lenders to prove ownership of the mortgage note, provide a complete payment history from loan origination, and document the physical location and chain of custody of the original note. These rules apply specifically to foreclosures on one- to four-family residential properties. The bill also clarifies that defendants can raise statute of limitations or "lack of standing" defenses at any time during the case, not just in initial pleadings.
Codifies the disparate impact standard in the human rights law; provides that in cases of alleged housing discrimination, an unlawful discriminatory practice may be established by a practice's discriminatory effect.
Authorizes the town of Copake to establish community preservation funds and to impose a real estate transfer tax with revenues to be deposited into the community preservation fund; provides for the repeal of certain provisions upon expiration thereof.
This bill would prevent mortgage lenders from penalizing borrowers who don't set high enough rental rates on properties covered by their mortgages. It voids any mortgage clause requiring minimum rents or punishing low rents, applying to all mortgages regardless of when they were created, renewed, or modified. The law directly affects property owners with mortgages who might face fees or default penalties for not meeting arbitrary rent minimums. This policy change ensures lenders cannot enforce such clauses as against public policy.
Authorizes the town of Chester to establish community preservation funds; establishes a real estate transfer tax with revenues therefrom to be deposited in said community preservation fund.
Prohibits a person or entity from knowingly or with reckless disregard facilitate an agreement between or among two or more residential rental property owners or managers to not compete with respect to residential rental dwelling units, including by operating or licensing a software, data analytics service, or algorithmic device that performs a coordinating function on behalf of or between and among such residential rental property owners or managers.