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Bill

S 3758

Expands definition of eligible senior citizen and disabled person with respect to condominium and cooperative conversion

2025 Regular Session Introduced by Cordell Cleare

Bill S 3758 expands eligibility for senior citizens and disabled persons in condominium and cooperative conversions, enhancing their housing options and stability.

COMMITTED TO RULES
0
WeVote Research Nonpartisan
Bill Summary · S 3758

Summary of Bill S 3758

Bill Information

  • Bill Number: S 3758
  • Title: Expands definition of eligible senior citizen and disabled person with respect to condominium and cooperative conversion
  • Status: Committed to Rules
  • Introduced: January 29, 2025
  • Classification: Bill

Purpose and Intent

Bill S 3758 aims to broaden the definition of who qualifies as an eligible senior citizen or disabled person in the context of condominium and cooperative conversions. The intent behind this legislation is to enhance access to housing options for these groups, ensuring that more individuals can benefit from the protections and opportunities associated with condominium and cooperative living.

Key Provisions

  • Expanded Definitions: The bill proposes to revise the criteria that classify individuals as senior citizens and disabled persons. This may include adjustments to age thresholds, disability definitions, or income limits, although specific changes are not detailed in the provided information.
  • Eligibility for Conversion: By expanding the definitions, the bill seeks to allow a greater number of individuals to participate in condominium and cooperative conversions, potentially increasing their housing stability and options.

Affected Parties

  • Senior Citizens: Older adults who may not currently qualify under existing definitions will benefit from the expanded criteria.
  • Disabled Persons: Individuals with disabilities who face barriers to housing will find increased opportunities for securing condominium or cooperative living arrangements.
  • Housing Developers and Associations: These groups may need to adjust their policies and practices to accommodate the new definitions and ensure compliance with the expanded eligibility requirements.

Legislative Timeline

  • January 29, 2025: Bill introduced and referred to the Committee on Housing, Construction and Community Development.
  • May 12, 2025: First report calendar (1ST REPORT CAL.979).
  • May 13, 2025: Second report calendar (2ND REPORT CAL.).
  • May 14, 2025: Advanced to third reading.
  • June 13, 2025: Committed to Rules.

Related Bills

  • S 9357: A related bill from the prior session that may address similar issues or provide context for the current legislation.
  • A 7533: A companion bill that likely mirrors the provisions of S 3758 in the Assembly, facilitating a coordinated legislative approach.

Conclusion

Bill S 3758 represents a significant step toward improving housing accessibility for senior citizens and disabled persons by redefining eligibility criteria for condominium and cooperative conversions. As it progresses through the legislative process, stakeholders will need to monitor its developments and prepare for potential changes in housing policy.

Compiled from official sources — confirm details with the bill’s official record.

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