New York - Session 2025-2026
Title: Provides that upon sale of a limited-profit housing company project, reserve and surplus funds must be held in escrow and dedicated to major capital improvements
Provides that upon sale or other conveyance of a limited-profit housing company project to an entity other than a new limited-profit housing company, reserve and surplus funds must be held in escrow by the new owner and dedicated solely to defraying the costs of major capital improvements; provides that no rental may be increased to cover the cost of a major capital improvement until such reserve and surplus funds have been exhausted.
| Date | Event | Detail |
|---|---|---|
| 2025-01-14 | Introduced | Bill introduced |
| 2026-01-07 | Status | in_committee |
| 2026-01-07 | Latest Action | In Senate Committee |
| Bill | Title | Status |
|---|---|---|
| S 9691 | Requires that any disposition of land or buildings by the New York City Housing Authority be subject to and comply with the provisions of New York City's Uniform Land Use Review Procedure | in_committee |
| S 9692 | Relates to a private right of action concerning sidewalk sheds | in_committee |
| S 9694 | Increases penalties for owners of rent-regulated property who overcharge tenants | in_committee |
| S 9700 | Prohibits the use of an algorithmic device by a landlord for the purpose of determining the amount of rent to charge a residential tenant | in_committee |
| S 9701 | Enacts the rapid engagement initiative act | in_committee |
| S 9706 | Prohibits bank investments in bad faith landlords | in_committee |
| S 9707 | Relates to major capital improvements and individual apartment improvements in rent regulated units | in_committee |
| S 9710 | Prohibits the eviction of small commercial tenants in the city of New York without good cause | in_committee |