New York bill A06061 prohibits corporate entities, real estate developers, and contractors from converting single-family homes into rental properties.

New York bill A06061 aims to protect homeownership and single-family homes by prohibiting corporate entities, real estate developers, and residential building contractors from purchasing, owning, building, acquiring, or obtaining any interest in single-family homes with the intent to convert them into rental properties. The bill defines "corporate entity" to include partnerships, corporations, limited liability companies, pension or investment funds, and trusts, excluding nonprofits, family trusts, and family limited liability companies.

New York bill A06061 prohibits corporate entities, real estate developers, and contractors from converting single-family homes into rental properties.

New York bill A06061 aims to protect homeownership and single-family homes by prohibiting corporate entities, real estate developers, and residential building contractors from purchasing, owning, building, acquiring, or obtaining any interest in single-family homes with the intent to convert them into rental properties. The bill defines "corporate entity" to include partnerships, corporations, limited liability companies, pension or investment funds, and trusts, excluding nonprofits, family trusts, and family limited liability companies.