The 2011-12 legislative session is on in Albany as this article is being written, and bills of all kinds are being considered—including some with implications for co-op and condo owners and administrators across the state. Housing is also on the agenda in the New York City Council.
While in years past there have been large numbers of co-op and condo-related bills put before the Assembly and state Senate, this year's crop appears sparser. As this article was being written, a search for generic housing-related bills returned 379 results; a search for co-op/condo-specific legislative proposals turned up only eight—some of which are duplicates of bills that are both in the Assembly and the state Senate.
Let's take a look at the pending co-op and condo-related legislation working its way through the halls of governance, and check in with how condo and housing-related organizations are making the wishes of their constituents known to elected representatives.
Calling All Bills
One of the new pieces of legislation, A07366 (the same as S-4790A in the state Senate), deals with “limiting the increase in real property tax assessments on residential cooperatives and condominiums to 6 percent over the previous liability,” and is almost certainly a response to the recent controversy in Queens whereby residents of several large co-ops charged that their properties had been overvalued by the city.
Another bill, A00797 (also known in the Senate as S-05250), has been referred to the Judiciary Committee and should sound familiar to Cooperator readers because it’s not new. It would create a sub-part of the Housing Part of state court to deal expressly with co-op and condo-related cases.