New York A01839 amends the private housing finance law to allow certain limited-profit housing companies to pay dividends or interest over six.

New York A01839 amends the private housing finance law by allowing limited-profit housing companies in cities with a population of one million or more to pay dividends or interest exceeding six percent per annum, subject to approval by the supervising agency. The bill also addresses the dissolution of certain rental housing companies, specifying that affected dwelling units will be subject to the rent stabilization law and emergency tenant protection act.

New York A01839 amends the private housing finance law to allow certain limited-profit housing companies to pay dividends or interest over six.

New York A01839 amends the private housing finance law by allowing limited-profit housing companies in cities with a population of one million or more to pay dividends or interest exceeding six percent per annum, subject to approval by the supervising agency. The bill also addresses the dissolution of certain rental housing companies, specifying that affected dwelling units will be subject to the rent stabilization law and emergency tenant protection act.