New York A 5362: Permits the declaration of an emergency pursuant to the EMTPA for rental housing accommodations located in buildings covered by a project based assistance contract

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A05362 Summary:

BILL NOA05362 

&nbsp

SAME ASSAME AS S04040

&nbsp

SPONSORHyndman

&nbsp

COSPNSRYeger

&nbsp

MLTSPNSR

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Add Title 25 Chap 5-A §§25-501 - 25-516, NYC Ad Cd

&nbsp

Allows property owners to petition for city community improvement projects involving local improvements to shared driveways and sewer systems.

Go to top A05362 Actions:

BILL NOA05362 

&nbsp

02/13/2025referred to cities

01/07/2026referred to cities

Go to topA05362 Committee&nbspVotes:

Go to topA05362 Floor&nbspVotes:

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

Go to topA05362 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5362

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 13, 2025
 ___________

 Introduced by M. of A. HYNDMAN -- read once and referred to the Commit-
 tee on Cities

 AN ACT to amend the administrative code of the city of New York, in
 relation to establishing city community improvement projects

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

 1 Section 1. Title 25 of the administrative code of the city of New York
 2 is amended by adding a new chapter 5-A to read as follows:

 3 CHAPTER 5-A
 4 CITY COMMUNITY IMPROVEMENT PROJECTS
 5 § 25-501 Authorization for the establishment of city community
 6 improvement projects. Pursuant to the provisions of this chapter, commu-
 7 nity improvement projects shall be established and extended as herein-
 8 after provided.
 9 § 25-502 Definitions. As used in this chapter:
 10 a. "Average full valuation of taxable real property" means the valu-
 11 ation obtained by taking the assessed valuation of taxable real property
 12 in the boundaries of the project as it appears upon the last completed
 13 and four preceding assessment rolls of the city and dividing each by the
 14 applicable state equalization rate as determined by the state board of
 15 equalization and assessment pursuant to article twelve of the real prop-
 16 erty tax law for each of the assessment rolls and dividing the sum of
 17 the quotients thus obtained by five.
 18 b. "Project" means a community improvement project established pursu-
 19 ant to this chapter.
 20 c. "Project charge" means a levy imposed on behalf of a project as
 21 provided in the project plan.
 22 d. "Project management association" means the association established
 23 pursuant to section 25-514 of this chapter.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08394-01-5

 A. 5362 2

 1 e. "Project plan" or "plan" means a proposal as defined in section
 2 25-505 of this chapter.
 3 f. "Owner" means homeowner of record.
 4 g. "Tenant" means an occupant pursuant to a lease of a dwelling unit,
 5 other than an owner.
 6 § 25-503 Contents of the project plan. The project plan shall contain
 7 the following:
 8 a. a map of the project;
 9 b. the written report or reports of the city council containing:
 10 (1) a description of the boundaries of the project proposed for estab-
 11 lishment or extension in a manner sufficient to identify the lands
 12 included;
 13 (2) a description of the present and proposed uses of such lands;
 14 (3) the improvements proposed and the maximum cost thereof;
 15 (4) the total annual amount proposed to be expended for improvements,
 16 maintenance and operation;
 17 (5) the proposed source or sources of financing;
 18 (6) the proposed time for implementation and completion of the project
 19 plan;
 20 (7) any proposed rules and regulations to be applicable to the
 21 project;
 22 (8) a list of the properties to be benefited, and a statement of the
 23 method or methods by which the expenses of a project will be imposed
 24 upon benefited real property, in proportion to the benefit received by
 25 such property, to defray the cost thereof, including operation and main-
 26 tenance. Notwithstanding any inconsistent provision of section 25-507 of
 27 this chapter, the plan may provide that all or any class or category of
 28 real property which is exempt by law from real property taxation and
 29 which would not benefit from the establishment or extension of the
 30 project may nevertheless be included within the boundaries of the
 31 project, but such pr