Extends protected tenancy period for certain tenants who are senior citizens and certain tenants with disabilities.

This bill extends lifetime protected tenancy for senior citizens (62+ years old) and disabled tenants when their rental building is converted to condominium or cooperative ownership. It applies to tenants who have lived in the unit for at least one year before conversion and meet income requirements. The law prevents forced evictions and rent hikes solely due to conversion, ensuring these vulnerable tenants can remain in their homes without disruption to their health and community ties. The protection lasts for the tenant's lifetime, addressing concerns about housing instability for seniors and disabled residents amid rising costs and economic challenges.