Protects non-purchasing senior citizens threatened by eviction pursuant to a cooperative/condominium conversion plan

BILL NUMBER:S2033

Title of bill

An act to provide continued tenancy for certain non-purchasing senior citizens in the city of New York

Purpose/summary of provisions

To provide that any citizen, age 62 or older, who has maintained a continued occupancy and is a non-purchasing tenant in a multiple dwelling unit which has been converted to a coop or condominium, pursuant to an eviction plan, will not be subject to an eviction.

Justification

Over the past decade, the legislature has enacted into law protections to ensure that senior citizens should not be subject to eviction under co-op and condominium conversion plans. Despite these attempts to provide a blanket protection, there are still senior citizens who continue to reside in multiple dwelling units who are not afforded these protections.

With the vacancy rate in NYC remaining under five percent, and therefore housing being scarce, it is incumbent upon the legislature to insure that senior citizens be afforded protections against eviction plans, as long as they meet certain requirements:

1. be 62 years of age or older;

2. has maintained a continued occupancy;

3. and is a non-purchasing tenant in a multiple dwelling unit which has been converted to a co-op or condominium, pursuant to an eviction plan. This bill provides the necessary protection.

Existing law

None.

Fiscal implications

None to the state.

Effective date

This act shall take effect immediately.