Extends protections to tenants of cooperative housing entities by expanding the definition of landlord to include cooperative entities; defines cooperative entities.
Impact
By legally recognizing cooperative entities as landlords, the bill provides shareholders and subtenants with legal standing to seek recourse for issues typically linked to landlord-tenant relationships. This amendment directly impacts existing housing laws, which have traditionally separated cooperative housing arrangements from conventional rental agreements, thereby placing a greater emphasis on tenant rights within these unique living situations.
Summary
Bill S07977, introduced by Senator Ramos, seeks to amend the real property law in New York to extend protections to tenants of cooperative housing entities. This bill expands the definition of 'landlord' to include cooperative entities and further clarifies who is considered a 'tenant' within these arrangements. The intent of the legislation is to bolster tenant rights and ensure that shareholders in cooperative settings are afforded similar protections as traditional tenants.
Contention
Some points of contention surrounding Bill S07977 might arise from concerns about the implications this expansion of definitions has on cooperative governance and operations. Critics could argue that this could complicate regulations pertaining to cooperative management and might lead to disputes over rights and responsibilities that were previously not defined under the landlord-tenant framework. Conversely, proponents stress the need for uniform protections that reflect modern living arrangements and the dynamics unique to cooperative housing.
Adds employee-owned enterprises and worker cooperatives to the list of preferred contractors for public contracts in the state; authorizes such enterprises and cooperatives to make certain purchases from centralized contracts for commodities, subject to conditions of the office of general services; authorizes the comptroller to conduct certain audits of employee-owned enterprises and worker cooperatives.
Adds employee-owned enterprises and worker cooperatives to the list of preferred contractors for public contracts in the state; authorizes such enterprises and cooperatives to make certain purchases from centralized contracts for commodities, subject to conditions of the office of general services; authorizes the comptroller to conduct certain audits of employee-owned enterprises and worker cooperatives.
Relates to the disclosure of information on the fiscal health of a condominium, cooperative apartment building or cooperative community to prospective buyers, current owners and the condominium board or the cooperative board.
Relates to grants to cover the costs of school resource officers; authorizes boards of cooperative educational services to enter into contracts with local police entities to provide school resource officers.
Relates to grants to cover the costs of school resource officers; authorizes boards of cooperative educational services to enter into contracts with local police entities to provide school resource officers.
Expands the New York state low income housing tax credit program to certain one to four family residences, including a cooperative or a condominium unit.
Enacts the "fairness in cooperative homeownership act"; regulates the submission and determinations of applications for ownership of cooperative apartments.