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Bill

A 802

Initiates a four-year moratorium on privatization voting by Mitchell-Lama building shareholders

2025 Regular Session Introduced by Linda Rosenthal

Bill A 802 imposes a four-year pause on privatization votes for Mitchell-Lama housing, protecting affordable units and residents from potential displacement.

REFERRED TO HOUSING
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WeVote Research Nonpartisan
Bill Summary · A 802

Summary of Bill A 802

Bill Overview

  • Bill Number: A 802
  • Title: Initiates a four-year moratorium on privatization voting by Mitchell-Lama building shareholders
  • Status: Referred to Housing
  • Introduced: January 08, 2025
  • Classification: Bill

Purpose and Intent

Bill A 802 aims to establish a four-year moratorium on the voting process related to the privatization of Mitchell-Lama housing developments. The Mitchell-Lama program provides affordable housing to moderate- and middle-income families in New York. This bill seeks to protect these housing units from being converted to market-rate apartments, which could displace current residents and undermine the program's original intent of providing affordable housing.

Key Provisions

  • Moratorium Duration: The bill proposes a four-year pause on any voting by shareholders of Mitchell-Lama buildings regarding the privatization of their properties.
  • Impact on Privatization Votes: During this moratorium, shareholders will not be able to vote on measures that would lead to the privatization of their buildings, effectively freezing any potential changes to the status of these housing units.

Affected Parties

  • Mitchell-Lama Shareholders: Current shareholders in Mitchell-Lama buildings will be directly impacted, as they will be unable to initiate or participate in privatization votes during the moratorium period.
  • Residents: The bill aims to protect the residents of these buildings from potential displacement due to privatization, thereby maintaining the availability of affordable housing options.
  • Housing Advocates: Organizations and advocates focused on affordable housing will likely support this bill, as it aligns with their goals of preserving affordable housing stock.

Procedural Aspects

  • Legislative Action: As of January 8, 2025, the bill has been referred to the Housing Committee for further consideration.
  • Related Legislation: This bill is part of a broader legislative context, with several related bills from prior sessions (A 560, A 700, A 1467, A 11156, A 3199, A 1105, A 542, A 389) that may address similar issues regarding housing and privatization.

Conclusion

Bill A 802 represents a significant legislative effort to safeguard affordable housing within the Mitchell-Lama program by instituting a temporary halt on privatization voting. By doing so, it aims to protect current residents and maintain the integrity of affordable housing in New York. The bill's progress will be closely monitored as it moves through the legislative process.

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

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