Extends provisions of law related to buildings that are part of urban development action area projects and are rehabilitated with municipal loans

This bill extends the expiration date for a specific law regarding buildings in urban development projects that have been rehabilitated using municipal loans. Originally set to end on June 30, 2024, the law will now remain in effect until June 30, 2027, provided the loan closing occurred on or before that date. The extension applies to multiple dwellings and ensures that rent control protections continue under existing emergency housing laws. This change directly affects municipalities and property owners involved in these specific urban development and rehabilitation projects.