New York S 7184: Relates to regulation of reverse mortgage loans issued under the federal home equity conversion mortgage for seniors program

Bill Text

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S07184 Summary:

BILL NOS07184 

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SAME ASNo Same As

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SPONSORCLEARE

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COSPNSR

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MLTSPNSR

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Amd §26-511, NYC Ad Cd

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Provides that certain charitable and non-profit institutions shall not have the right to refuse to renew a lease of any current or future tenant occupying housing accommodations owned by such institution except where specifically authorized by law.

Go to top S07184 Actions:

BILL NOS07184 

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04/03/2025REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

01/07/2026REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

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

Go to topS07184 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7184

 2025-2026 Regular Sessions

 IN SENATE

 April 3, 2025
 ___________

 Introduced by Sen. CLEARE -- read twice and ordered printed, and when
 printed to be committed to the Committee on Housing, Construction and
 Community Development

 AN ACT to amend the administrative code of the city of New York, in
 relation to extending rent stabilization to units occupied by tenants
 of housing accommodations owned by charitable and non-profit insti-
 tutions

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

 1 Section 1. Clause (i) of subparagraph (c) of paragraph 9 of subdivi-
 2 sion c of section 26-511 of the administrative code of the city of New
 3 York, is amended to read as follows:
 4 (i) the tenant's initial tenancy commenced after the owner acquired
 5 the property and the owner requires the unit in connection with its
 6 charitable or educational purposes including, but not limited to, hous-
 7 ing for affiliated persons; provided that with respect to any unit occu-
 8 pied by a tenant whose right to occupancy commenced prior to July first,
 9 nineteen hundred seventy-eight pursuant to a written lease or written
 10 rental agreement and who did not receive notice at the time of the
 11 execution of the lease that [his or her] their tenancy was subject to
 12 non-renewal, the institution shall not have the right to refuse to renew
 13 such tenant or their successors, or any tenant thereafter, pursuant to
 14 this subparagraph unless such refusal or non-renewal is based on other
 15 grounds specified in state law; provided further that a tenant who was
 16 affiliated with the institution at the commencement of [his or her]
 17 their tenancy and whose affiliation terminates during such tenancy shall
 18 not have the right to a renewal lease; or
 19 § 2. This act shall take effect immediately; provided that the amend-
 20 ments to section 26-511 of chapter 4 of title 26 of the administrative
 21 code of the city of New York made by section one of this act shall
 22 expire on the same date as such law expires and shall not affect the
 23 expiration of such law as provided under section 26-520 of such law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11521-01-5

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