NY A06116 | 2019-2020 | General Assembly

Status

Spectrum: Partisan Bill (Republican 14-0)
Status: Introduced on February 28 2019 - 25% progression
Action: 2019-02-28 - referred to real property taxation
Pending: Assembly Real Property Taxation Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Authorizes localities to convey distressed residential real property that has been foreclosed upon for non-payment of real estate taxes to a third party; establishes that third party may be an individual or for-profit or not-for-profit entity which would rehabilitate and manage such property, providing needed housing while restoring the property to the non-delinquent tax rolls; called "third party transfer program".

Tracking Information

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Title

Authorizes localities to convey distressed residential real property that has been foreclosed upon for non-payment of real estate taxes to a third party; establishes that third party may be an individual or for-profit or not-for-profit entity which would rehabilitate and manage such property, providing needed housing while restoring the property to the non-delinquent tax rolls; called "third party transfer program".

Sponsors


History

DateChamberAction
2019-02-28Assemblyreferred to real property taxation

New York State Sources


Bill Comments

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