· NY legislature · 2025-2026

Requires companies aided by loans under Mitchell-Lama to notify tenants of buy out from mortgage options and a report by the commissioner or supervising agency

Requires companies aided by loans under Mitchell-Lama to notify tenants of such housing of the possibility of buyout from mortgages held which would potentially result in rent increases not later than twelve months prior to proposed dissolution; provides such notice shall inform tenants of the nature of the action,…

Sponsor

Linda Rosenthal (D-NY)

Introduced

2025-01-10

Policy area

Housing and Community Development

Latest action

REFERRED TO HOUSING