What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
1 Co-sponsor
History
- Substituted by A859
- Advanced to third reading
- 2nd report cal.
- 1st report cal.772
- Reported and committed to finance
- Referred to housing, construction and community development
- Reported and committed to finance
- Referred to housing, construction and community development
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.
Relates to the supervision of certain limited profit housing companies
Senate Floor Calendar · Sponsor Jonathan Bing
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the private housing finance law, in relation to the supervision of certain limited profit housing companies
Purpose or general idea of bill
This bill will improve the supervision and regulation of Mitchell-Lama housing. This legislation amends subdivision 7 of section 32 of the private housing finance law to require that in the event an owner violates regulations, the supervising agency "shall" take steps to remedy the improper situation. The current law states that the agency (either the DHCR or New York City HPD) "may" - but is not required to investigate the violations and penalize owners.
Summary of specific provisions
This bill will amend subdivision 7 of the section 32 of the private housing finance law by requiring that the appropriate agency shall take the steps necessary to remedy the violation or potential violation of laws or regulations of said agencies.
Justification
Mitchell-Lama housing advocates have called for this simple change in the law because agencies currently have too much discretion in deciding whether or not to remedy critical problems. Since supervising agencies are not required to demand that violations are fixed, building owners have taken this as a sign that their unlawful actions will be tolerated and overlooked. This proposed law would not handcuff agencies or owners by requiring specific actions; it merely demands that the problems are resolved. The requirement that the agency "shall" pursue violations will remedy current violations and serve as a deterrent to future malfeasance.
Prior legislative history
FISCAL IMPLICATIONS : None.
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.