New York A 6100: Creates other post-employment benefit reserve funds; repealer

Bill Text

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A06100 Summary:

BILL NOA06100 

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SAME ASNo Same As

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SPONSORMitaynes (MS)

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COSPNSRClark, Forrest, Anderson, Gallagher, Seawright, Epstein, Carroll R, Reyes, Jackson, Simon,
 Rosenthal, Meeks, Kelles, Gonzalez-Rojas, Bronson, Colton, Steck, Dinowitz, Gibbs, De Los Santos,
 Cunningham, Cruz, Shrestha, Burdick, Simone, Raga, Zinerman, Bores, Kim, Shimsky, Glick, Tapia,
 Walker, Chandler-Waterman, Alvarez, Zaccaro, Lee, Bichotte Hermelyn, Davila, Lupardo, Jacobson,
 Valdez, Torres, Hevesi, Septimo, Moreno

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MLTSPNSRLevenberg

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Add Art 7-E §§799 - 799-w, RPAP L

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Establishes the "tenant opportunity to purchase act"; prevents the displacement of lower-income tenants in New York and preserves affordable housing by providing an opportunity for tenants to own or remain renters in the properties in which they reside.

Go to top A06100 Actions:

BILL NOA06100 

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02/26/2025referred to housing

01/07/2026referred to housing

Go to topA06100 Committee&nbspVotes:

Go to topA06100 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA06100 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6100

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 26, 2025
 ___________

 Introduced by M. of A. MITAYNES, CLARK, FORREST, MAMDANI, ANDERSON,
 GALLAGHER, SEAWRIGHT, EPSTEIN, R. CARROLL, REYES, JACKSON, SIMON,
 ROSENTHAL, MEEKS, KELLES, GONZALEZ-ROJAS, BRONSON, COLTON, STECK,
 DINOWITZ, GIBBS, DE LOS SANTOS, CUNNINGHAM, CRUZ, SHRESTHA, BURDICK,
 SIMONE, RAGA, ZINERMAN, BORES, KIM, SHIMSKY, GLICK, TAPIA, WALKER,
 CHANDLER-WATERMAN, ALVAREZ, ZACCARO, LEE, BICHOTTE HERMELYN, DAVILA,
 LUPARDO, JACOBSON, VALDEZ, TORRES -- Multi-Sponsored by -- M. of A.
 LEVENBERG -- read once and referred to the Committee on Housing

 AN ACT to amend the real property actions and proceedings law, in
 relation to establishing the tenant opportunity to purchase act

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Short title. This act shall be known and may be cited as
 2 the "tenant opportunity to purchase act".
 3 § 2. Legislative findings. The legislature finds that there is a
 4 significant unmet need for affordable housing for low-income people and
 5 families. Almost half of all New York State tenants -- in both urban and
 6 suburban areas -- are rent-burdened. In the Hudson Valley and the South-
 7 ern Tier, and in non-municipal Green and Suffolk counties, more than 60%
 8 of New Yorkers are paying over 30% of their income toward rent. More-
 9 over, between 2012 and 2017, New York State lost more than 160,000
 10 affordable rental homes, almost 55,000 of them outside of New York City,
 11 Westchester and Long Island. This has led to an increase in an already
 12 escalating homelessness crisis. According to HUD's 2019 Point in Time
 13 Estimate, approximately 79,000 people were homeless in New York State.
 14 The legislature recognizes that New York's rental housing market has
 15 become even more threatened by the outbreak of novel coronavirus,
 16 COVID-19, which, as of the date of this legislation, created destabi-
 17 lized housing, loss of employment and income, closure of business and
 18 schools and financial insecurity in the state of New York. The legisla-
 19 ture finds that the loss of employment, illness and deaths caused by the

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01564-02-5

 A. 6100 2

 1 COVID-19 outbreak have rendered many individuals and families unable to
 2 pay for the costs of housing and other life necessities. U.S. Census'
 3 Household Pulse survey shows that in the last week of May 2020, 29% of
 4 all NYS tenants showed little to no confidence in being able to make
 5 their June rent payment. The share was higher among Black tenants (41%),
 6 Latinx tenants (41%) and tenants earning less than $50K (34%).
 7 The legislature finds that the sudden decline in rent payments as a
 8 result of COVID-19--particularly on properties overloaded with debt --
 9 coupled with the ensuing economic recession will lead to evictions and
 10 speculation, resulting in the loss of vital and irreplaceable affordable
 11 hous