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
No co-sponsors yet.
History
- Substituted by A11410
- Ordered to third reading cal.1431
- Referred to rules
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 extending the effectiveness of certain provisions until 2018
Senate Floor Calendar · Sponsor Vito Lopez
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S8182
Title of bill
An act to amend chapter 576 of the laws of 1974 amending the emergency housing rent control law relating to the control of and stabilization of rent in certain cases, the emergency housing rent control law, chapter 329 of the laws of 1963 amending the emergency housing rent control law relating to recontrol of rents in Albany, chapter 555 of the laws of 1982 amending the general business law and the administrative code of the city of New York relating to conversion of residential property to cooperative or condominium ownership in the city of New York, chapter 402 of the laws of 1983 amending the general business law relating to conversion of rental residential property to cooperative or condominium ownership in certain municipalities in the counties of Nassau, Westches- ter and Rockland and the rent regulation reform act of 1997, in relation to extending the effectiveness thereof
Purpose of the bill
The purpose of this bill is to extend the provisions of the rent stabilization and rent control laws, for an additional seven years, until June 15, 2018.
Summary of provisions
This bill would extend the sunset date of the rent stabilization and rent control laws until and including June, 15 2018, provided that there continues to be a housing emergency in the city of New York.
Existing law
Currently, the provisions of rent stabilization and rent control laws expire June 15, 2011.
Prior legislative history
This is a new bill.
Statement in support
This bill would extend the provisions of the rent stabilization and rent control laws that are set to expire next year. The bill would extend the sunset provision of the rent regulation laws for an additional seven years, until June 15, 2018.
New York's rent-regulation laws provide protection to over 2.5 million tenants throughout the state. The basis for both rent control and rent stabilization is a housing emergency, defined as a vacancy rate below five percent. Recent analysis of vacancy. rates in New York City has shown that the number of available apartments has decreased to below three percent, which is well below the five percent threshold necessary to declare a housing emergency. The loss of affordable housing units can undermine and uproot local communities by forcing working families from their homes in the neighborhoods they helped create many years ago. Government intervention is critical, and while the State has passed various legislation in support of tenants in rent regulated and controlled units, this bill would provide protection until 2018.
Budget implications
None. This bill could be implemented with the funds currently available for these programs.
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.