Makes provisions with respect to affordable housing within the city of Yonkers; provides funds of twenty-five thousand dollars in the affordable housing development account for new construction of affordable housing within the city of Yonkers and acquisition of existing housing stock cooperatives, condominiums and fee simple multi-family housing where appropriate. / Sponsor: Pretlow Committee:

Includes mixed residential and commercial property within the provisions of the affordable home ownership development program thus authorizing the affordable housing corporation to fund the construction or rehabilitation of housing that also contains a commercial retailing business. / Sponsor: Fitzpatrick Committee:

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; further 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. / Sponsor: Wright Committee:

Provides that a two-thirds majority of all outstanding shares is necessary to dissolve a mutual limited profit housing company; disallows proxy voting except for illness or disability. / Sponsor: ESPAILLAT Committee: HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Provides for a transfer fee of 75% of the fair market value in dissolution or sales of a rental project or mutual company. / Sponsor: KRUEGER Committee: HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Initiates a four year moratorium on privatization voting by Mitchell-Lama building shareholders between failed dissolution votes. / Sponsor: Rosenthal Committee:

Permits tenants or residents of limited profit housing, or persons acting on their behalf, to copy financial documents pertaining to their projects, subject to a reasonable charge therefor, the maximum of which shall be prescribed by regulation. / Sponsor: Wright Committee:

Includes moderate rehabilitation within the definition of project for the purposes of the low income housing trust fund program; defines moderate rehabilitation project as any occupied residential property or portion thereof which if vacant or underoccupied would qualify as a cooperative project, condominium project, homesteading project or rental project. / Sponsor: YOUNG Committee: HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Enacts the Housing New York Program Act for the twenty-first century to assure that funds from public sources for the provision of dwelling accommodations are used to benefit persons of low and moderate income. / Sponsor: Wright Committee:

Establishes certain rights for shareholders in limited-profit housing companies. / Sponsor: HASSELL-THOMPSON Committee: HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Requires a Mitchell-Lama cooperative seeking to dissolve to offer cooperators who may not be able to afford the increased carrying charges the opportunity to sell. / Sponsor: Rosenthal Committee:

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; further 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. / Sponsor: KRUEGER Committee: HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Provides for a transfer fee of 75% of the fair market value in dissolution or sales of a rental project or mutual company. / Sponsor: Rosenthal Committee:

Provides for rents subject to the rent stabilization laws upon dissolution of certain types of housing companies. / Sponsor: O'Donnell Committee:

Relates to the definition of income. / Sponsor: RIVERA Committee: HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Relates to the right of tenant association to have the first option to purchase a housing unit. / Sponsor: KRUEGER Committee: HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Initiates a four year moratorium on privatization voting by Mitchell-Lama building shareholders between failed dissolution votes. / Sponsor: ESPAILLAT Committee: HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Establishes certain rights for shareholders in limited-profit housing companies. / Sponsor: Stevenson Committee:

Relates to limited-profit housing companies; authorizes certain companies to pay dividends or interest in excess of six percent per annum; relates to the dissolution of certain rental housing companies. / Sponsor: SAMPSON Committee: HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Enacts the Housing New York Program Act for the twenty-first century to assure that funds from public sources for the provision of dwelling accommodations are used to benefit persons of low and moderate income. / Sponsor: PERKINS Committee: HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT