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Sponsors
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History
- Print number 3253a
- Amend and recommit to housing
- Referred to housing
- Referred to housing
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Includes a condominium where the town of East Hampton or its housing authority is the holder of the landlord's interest as a qualified leasehold condominium
In Assembly Committee · Housing · Sponsor Kenneth P. LaValle
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A3253A REVISED 2/9/10
Title of bill
An act to amend the real property law, in relation to including a condominium where the town of East Hampton or its housing authority is the holder of the landlord's interest as a qualified leasehold condominium
Purpose
Includes a condominium where the town of East Hampton or its housing authority is the holder of the landlord's interest as a qualified leasehold condominium.
Summary of provisions
Subdivision 12 of section 339-e of the real property law, as amended by chapter 234 of the laws of 2009, is amended.
Justification
The Town of East Hampton is seeking to create another affordable housing opportunity within the Town by developing a condominium complex and wants to rent said units to tenants. Under current law, the Town is precluded from such an arrangement. However, under section 339-e of the Real Property Law, there are three specific projects where this arrangement is permitted. The Town has requested to amend section 339-e to allow the Town or its Housing Authority to lease condominiums. The proposed project is 12 units, 3 buildings with 4 units each.
Legislative history
2009: S.1075/A.3253 - Senate Third Reading Calendar
Fiscal implications
None to the state.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.