NY A 1553
in committeeRequires companies aided by loans under Mitchell-Lama to notify tenants of buy out from mortgage options and a report by the commissioner or supervising agency
New York · 2025-2026 Regular Session · lower
Description
Requires companies aided by loans under Mitchell-Lama to notify tenants of such housing of the possibility of buyout from mortgages held which would potentially result in rent increases not later than twelve months prior to proposed dissolution; provides such notice shall inform tenants of the nature of the action, the date intended, the applicable laws and a summary of the potential consequences including expenses and rent increases which may be charged; requires the commissioner or supervising agency to prepare a report to be made available to the tenants of the project.
- Introduced
- —
- Status date
- —
- Latest action
- 2026-01-07 — REFERRED TO HOUSING
- Bill type
- bill
- Last updated
- —
Sponsors
- Linda Rosenthalprimary
Committees
Not provided by source.
Action timeline
2025-01-10
REFERRED TO HOUSING
referral-committee
2026-01-07
REFERRED TO HOUSING
referral-committee
Versions
- A1553Compare
Documents
- application/pdf(no extracted text yet)
- text/html(no extracted text yet)
Votes
Not provided by source.
Related bills
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z
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