New York Assembly bill in Session 2025-2026.
Status: in_committee. Latest action: March 20, 2026.
Defines lease-hold retirement community and proscribes rules and regulations for ownership and operation thereof.
Sets up rules and regulations for the operation of lease-hold retirement communities located in a county with a population of more than one million inhabitants that only borders one other county, to provide adequate housing for senior citizens wishing to retire and locate in a lease-hold retirement community; grants owners of homes in lease-hold retirement communities the right to sell their homes by methods common to sales of residential property; requires that owners of lease-hold retirement communities offer owners of homes the option to sign a long-term ninety-nine year lease.
| Date | Event | Detail |
|---|---|---|
| 2026-03-20 | Introduced | Bill introduced |
| 2026-03-20 | Status | in_committee |
| 2026-03-20 | Latest Action | In Assembly Committee |