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

2 Co-sponsors

• Ruth Hassell-Thompson
• Liz Krueger

BILL NUMBER:S1725

Title of bill

An act to provide continued tenancy for certain non-purchasing senior citizens in the city of New York; and to amend 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, in relation to extending the expiration thereof

Purpose or general idea of bill

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.

Summary of specific provisions

Section 1 of the bill is the legislative intent.

Section 2 of the bill extends protections to long residing tenants in instances of condominium and co-operative housing conversions.

Section 3 provides for an effective date.

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 en eviction plan.

This bill provides the necessary protection.

Prior legislative history

2009-10: A.5610-Referred to Housing

Fiscal implications

None to the state.

Effective date

This act shall take effect immediately.