New York S10478 amends the low income housing tax credit program to prefer applications reporting positive rental payment information and requires.
New York S10478 amends the public housing law to include positive rental payment information reporting as a preference in the evaluation of project applications in the New York state low income housing tax credit program. It requires landlords to offer tenants the option of reporting their positive rental payment information to consumer reporting agencies. The bill also creates notice requirements for the election of positive rental payment information reporting, including a written election form that tenants must sign.
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