Bill Text: NY A04889 | 2021-2022 | General Assembly | Introduced

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Bill Title: Requires notification of tenants in their native language of impending conversions and bona fide offers to purchase.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced - Dead) 2021-02-08 - referred to housing [A04889 Detail]

Download: New_York-2021-A04889-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          4889

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    February 8, 2021
                                       ___________

        Introduced by M. of A. DE LA ROSA, CRUZ, GLICK, HYNDMAN -- read once and
          referred to the Committee on Housing

        AN  ACT  to  amend  the  administrative code of the city of New York, in
          relation to requiring notification of tenants in their native language
          of impending conversions and bona fide offers to purchase

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

     1    Section  1.  Subdivision  (a)  of section 26-802 of the administrative
     2  code of the city of New York, as added by local law  number  79  of  the
     3  city of New York for the year 2005, is amended to read as follows:
     4    (a)  Notice  shall be provided by the owner to the tenant association,
     5  or if no tenant association exists, to  each  tenant  in  such  tenant's
     6  native  language, and to the department of the intention of the owner to
     7  take any action that will result  in  the  conversion  of  the  assisted
     8  rental housing.
     9    §  2.  Section  26-803  of  the administrative code of the city of New
    10  York, as added by local law number 79 of the city of New  York  for  the
    11  year 2005, is amended to read as follows:
    12    §  26-803  Notification  of  bona fide offer to purchase. [(a)] If the
    13  owner receives a bona fide offer to purchase and intends to consider, or
    14  respond to such bona fide  offer  to  purchase,  then  notice  shall  be
    15  provided  by  the owner to a tenant association, or if no tenant associ-
    16  ation exists, to each tenant in such tenant's  native  language,  or  if
    17  applicable, a qualified entity, and the department, no more than fifteen
    18  days from the date that such bona fide offer to purchase is delivered to
    19  the owner. Such notice shall contain the following information:
    20    [(1)]  (a)  The  name and address of the proposed bona fide purchaser;
    21  and
    22    [(2)] (b) The price and terms and conditions of the offer[;
    23    (b) The owner shall not be required to provide  notice  in  accordance
    24  with subdivision a of this section if the bona fide purchaser making the

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08523-01-1
        A. 4889                             2

     1  offer  agrees to maintain the assisted rental housing as affordable. The
     2  bona fide purchaser shall be required to inform the department as to how
     3  such bona fide purchaser intends to keep the assisted rental housing  as
     4  affordable].
     5    § 3. This act shall take effect immediately.