Prohibits residential landlords from charging tenants a fee for a dishonored rent check in excess of the actual costs or fees incurred by such landlord as a result thereof, provided such dishonored check fee was included in the initial lease.
Authorizes the town of Copake to establish community preservation funds and to impose a real estate transfer tax with revenues to be deposited into the community preservation fund; provides for the repeal of certain provisions upon expiration thereof.
Relates to actions and proceedings seeking an abatement of rent based on violations of the housing maintenance code, applicable housing standards, the building code, or the health code; relates to the number of housing judges assigned to certain actions.
Requires the modification of restrictive covenants prior to the sale of real property when covenants, conditions and restrictions exist which discriminate on the basis of race, color, religion, sex, sexual orientation, familial status, marital status, disability, national origin, source of income or ancestry.
Authorizes the commissioner of general services to transfer and convey certain lands in the town of Wilton, county of Saratoga, to the Veterans and Community Housing Coalition.
Prohibits landlords from including incorrect information relating to rent decontrol in certain leases and renewals thereof; imposes a violation punishable by a fine of $1000 for a violation by a landlord; requires the standardization of certain notices pertaining to units subject to the Affordable New York Housing Program.
This bill raises the maximum funding per housing unit from $125,000 to $250,000 for projects funded through New York's Housing Trust Fund Corporation. It directly affects low-income housing developers and projects that rehabilitate or construct affordable housing using these funds. The key change is increasing the per-unit funding cap, allowing more resources for modernizing housing while maintaining existing requirements like a 5% private developer equity investment. The bill does not alter other program rules, such as loan terms (up to 40 years) or geographic allocation limits.
S 7780 would allow cities with a population of over one million to grant mutual redevelopment companies an additional 50 years of tax exemption, following the initial maximum period. The exemption requires that the company pays at least 5% of annual rent (minus utilities) for residential units or the taxes paid during 2000-2001, whichever is lower. This applies only to companies already operating under the existing tax exemption framework in large cities.
This bill extends the New York State Housing Finance Agency's existing authority to issue bonds and finance housing programs until July 23, 2027. It specifically maintains current limits on bond issuance (including $7.92 billion for general housing finance and $2.4 billion for mortgage programs) and preserves the agency's ability to fund multi-family housing and neighborhood revitalization initiatives. The extension applies to provisions governing bond limits, mortgage program income eligibility rules, and infrastructure trust fund operations. This directly affects the agency's ability to continue current housing finance activities without new legislative action. The bill does not create new programs but preserves existing funding mechanisms through 2027.
This bill sets a maximum 16% annual interest rate and a minimum 2% annual interest rate on late payments for residential property taxes, replacing higher local rates. It applies to residential properties including condos and co-ops, but excludes vacant and abandoned properties listed on a statewide registry. The interest rate will be tied to the prime rate (as defined by the commissioner), with the initial rate based on 2026 data and updated every five years. This limits how much interest homeowners can be charged on overdue residential tax bills, ensuring rates stay within the 2%-16% range.
