New York Assembly Bill A02900 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 2900--A 2023-2024 Regular Sessions  IN ASSEMBLY February 1, 2023 ___________ Introduced by M. of A. GALLAGHER, L. ROSENTHAL, ZINERMAN, REYES, GONZA- LEZ-ROJAS, JACKSON, DINOWITZ, EPSTEIN, SIMON, GLICK, KELLES, CARROLL, SIMONE -- read once and referred to the Committee on Housing -- recom- mitted to the Committee on Housing in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the real property tax law, in relation to directing the city comptroller of the city of New York to conduct annual audits of compliance with the affordable New York housing program The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 421-a of the real property tax law is amended by 2 adding a new subdivision 18 to read as follows: 3 18. The city comptroller of the city of New York shall conduct an 4 annual audit of the affordable New York housing program established 5 pursuant to this section to measure compliance with the requirements of 6 this section. The audit shall review properties which receive benefits 7 pursuant to the affordable New York housing program to confirm that 8 owners of such properties are complying with the rent registration, 9 affordability, rent stabilization and application requirements of such 10 program. The audit shall also review units within the geographic exclu- 11 sion area, including any expanded geographic exclusion areas, such as 12 the one added in two thousand seven, to ensure compliance with the 13 affordability requirements. The city comptroller of the city of New 14 York shall publish the results of the audit annually on or before Decem- 15 ber thirty-first and shall make such results publicly available on the 16 comptroller's website. The initial audit shall be completed by the 17 city comptroller of the city of New York and shall include all proper- 18 ties which are receiving or have received benefits pursuant to the 19 affordable New York housing program or prior programs established pursu- 20 ant to this section; provided, however, that all subsequent audits need EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00166-09-4 
 A. 2900--A 2 1 only include properties which received benefits during the prior year. 2 The final audit of the program shall be submitted one year after the 3 last property subject to rent registration, affordability, rent stabili- 4 zation and application requirements of the program is no longer subject 5 to such requirements. Notwithstanding any law to the contrary, the divi- 6 sion shall cooperate with the comptroller of the city of New York to 7 provide any documents or information necessary to verify compliance with 8 rent stabilization, registration, or affordability requirements required 9 by audits authorized by this subdivision. 10 § 2. This act shall take effect immediately.