Establishes the USDA construction tax credit for a percentage of the profit on any newly constructed home that is sold to someone qualifying with a USDA mortgage.
Extends the effectiveness of the authority of the town of Red Hook to impose real estate transfer taxes and to deposit revenue from such taxes into a community preservation fund.
Establishes the Adirondack park affordable housing task force; requires such task force to conduct a comprehensive review of affordable housing issues within the Adirondack park and to make recommendations for addressing such issues.
Provides for the eligibility of certain households for a care workforce housing preference; provides for the method of application for such preference; makes related provisions.
Increases transparency in cooperative housing corporations by giving shareholders more rights to information of the co-op and limiting the powers of management companies and boards.
This bill, S 8960 ("Extreme Weather Tenant Protection Act"), prohibits residential evictions during extreme weather events in New York State. It stops courts from issuing eviction warrants and halts enforcement during official heat warnings (90°F+ heat index) or declared state emergencies, plus the following 72 hours. Tenants retain rights to pay rent at the prior rate while maintaining housing protections, and landlords may continue eviction proceedings but cannot remove tenants during the moratorium. The law applies statewide to residential tenants (excluding short-term hotel stays) and requires public notices about the eviction suspension.
Provides for the eligibility of certain households for a care workforce housing preference; provides for the method of application for such preference; makes related provisions.
This bill makes technical updates to New York's good cause eviction law, primarily refining how rent increases and exemptions are calculated. It clarifies that rent increases must not exceed 245% of the fair market rent (published by HUD), adjusts the inflation index formula for rent adjustments (using specific regional CPI data), and defines "consummated" for condo/co-op conversions. These changes directly affect landlords and tenants in residential units covered by the law, including condos, co-ops, and properties with rent-regulated units. The bill ensures clearer implementation of existing protections by updating technical definitions and calculation methods.
Reduces the period of notice required to be given when a written demand for rent is served on a tenant after the tenant has defaulted in the payment of rent and the period of notice to be given serving a warrant issued pursuant to a final judgment of eviction from fourteen days to seven days.
Removes provisions of law where a tax district has sold or conveyed a tax-foreclosed property to a land bank, a housing development agency or another public entity and the sale or conveyance was not the result or a public sale.
