Establishes the "New York public banking act"; authorizes municipal and other local governments to form and control public banks through the ownership of capital stock or other ownership interests, and to loan or grant public funds or lend public credit to such public banks for the public purposes of achieving cost savings, strengthening local economies, supporting community economic development, and addressing infrastructure and housing needs for localities.
Establishes the paired testing program and compliance fee to determine if any real estate broker, real estate salesperson or employee or agent thereof is using unlawful discriminatory practices; creates the paired testing program fund.
Prohibits the imposition of any surcharge for the installation or use of a tenant-installed appliance where the tenant pays for electric utility service, under rent control, and rent stabilization laws.
Requires the chief administrator of the office of court administration to establish a searchable public database providing information regarding eviction proceedings in the state; directs the chief administrator to adopt rules directing village, town or other local courts to report their eviction proceeding data to the office of court administration.
Permits a redetermination of a tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities upon a permanent decrease in income.
Establishes the "New York public banking act"; authorizes municipal and other local governments to form and control public banks through the ownership of capital stock or other ownership interests, and to loan or grant public funds or lend public credit to such public banks for the public purposes of achieving cost savings, strengthening local economies, supporting community economic development, and addressing infrastructure and housing needs for localities.
Provides for a real property tax exemption for certain residential properties with accessory dwelling units occupied by households in need in Suffolk county when the owner of the property resides in the primary building on the property and certain other conditions are met pertaining to the percentage of the total assessment of the property, the income of the tenants of the accessory dwelling unit or units, and the amount of the rent for the accessory dwelling unit.
Senate Bill S 467 seeks to increase the financial penalties for owners of rent-regulated properties who are found to have overcharged their tenants. The bill raises the penalty for willful rent overcharges from three times the overcharge amount to five times the overcharge amount. This change applies to rent-regulated housing accommodations under both the Emergency Tenant Protection Act and the Administrative Code of the City of New York. Additionally, it specifies that a voluntary rent adjustment or refund after a complaint has been filed will not be considered evidence that the overcharge was not willful.
Provides that any landlord that is in mortgage foreclosure due to loss of rent payments cannot enter into a state of foreclosure until a court handling a special proceeding to recover rent resolves any rent issues.
Prohibits pre-payment penalties for mortgages secured by real property owned in a cooperative form of ownership where over fifty percent of the units are shareholder occupied.
