Establishes the historic preservation tax credit transfer program to provide flexibility and incentives for businesses which rehabilitate historic properties to further promote the development of affordable housing.
This bill allows cities with over 1 million residents to offer a real property tax freeze to homeowners aged 65 or older who own and occupy their primary residence (including single-family homes, farms, or condo/co-op units). To qualify, applicants must have gross income under $58,400 annually (including Social Security and retirement income but excluding gifts or inheritances) and apply yearly. If approved, the current tax rate is frozen permanently, with the accumulated amount becoming a lien on the property that must be paid if the freeze ends or the property is sold. Surviving spouses aged 62+ retain the freeze after the death of the older spouse, and the freeze expires if the homeowner fails to reapply annually.
Bill A 3874 requires courts to hold a mandatory settlement conference before proceeding with foreclosures on cooperative apartment units where the borrower lives in the unit. It directly affects co-op residents facing foreclosure and their lenders, mandating that lenders file a petition with the court detailing the default and serving the borrower. The conference, held within 60 days, requires both parties to bring specific documents (like payment histories for lenders and income details for borrowers) and negotiate in good faith to explore alternatives like loan modifications or adjusted payment plans. This process aims to provide a structured opportunity to prevent home loss before foreclosure actions advance.
Relates to authorizing a reduction of taxes pursuant to shelter rent; provides that upon consent of the local legislative body in a city with a population of one million or more such taxes may be reduced to five per centum or less, including a full reduction of the annual shelter rent or carrying charges of a project.
Relates to conversions of real property in public housing developments in relation to the RAD program; sets notice requirements for public housing authorities.
Prohibits the collection of rent arrearages accruing prior to the date of approval of an application for an adjustment in the legal regulated rent based upon a major capital improvement.
This bill, A 5396 (Right to Timely Rental Applications Act), requires landlords to notify rental applicants of their decision within seven days of receiving a completed application or deposit. If landlords fail to respond within this timeframe, the application is automatically deemed rejected, and the rejection applies to all co-applicants. Landlords must also refund any application fees within 14 days of rejection. The law applies to all residential rental applications and takes effect 90 days after enactment.
This bill modifies New York's Multiple Dwelling Law and Real Property Laws to address rent impairing violations (unfixed building conditions like unsafe plumbing or heating). If a building has such a violation that remains uncorrected for three months after the owner receives notice, owners cannot collect rent for affected units. Tenants can use this violation as a defense in eviction or rent collection cases by depositing the disputed rent amount with the court and proving the violation existed. The law also requires the department to notify tenants of violations and explains their right to raise this defense in court.
Directs the office for people with developmental disabilities to conduct a study on the feasibility of establishing, implementing and expanding additional housing models that support independent living for people with intellectual and developmental disabilities; requires the office to submit a report on such study to the governor, the temporary president of the senate and the speaker of the assembly.
This bill prohibits landlords, lessors, sub-lessors, and grantors from requiring tenants to pay broker fees. It directly affects residential tenants by preventing landlords from charging them for brokerage services related to lease applications or tenancy. The law allows landlords to still charge for background and credit checks, but bans all other upfront fees like broker commissions. Exceptions apply to certain senior living communities and cooperative housing corporations under specific conditions.
