Government Affairs Update for June 28, 2019
New York State Primary Results
State and local primary elections were held Tuesday, June 25 across New York. Most of the attention has been on the Democratic primary for Queens District Attorney where first-time candidate Tiffany Caban leads Melinda Katz by over 1,000 votes. Katz has not conceded, and absentee ballots must still be counted. Chautauqua County Executive George Borrello won the Republican primary for the 57th State Senate district vacated earlier this year by Cathy Young. Farah Louis won the primary to fill the NYC Council seat vacated by Public Advocate Jumaane Williams. Local primary election results are posted by your county boards of elections.
NYSAR testifies at NYC public hearing on broker fee cap proposal
NYSAR Secretary/Treasurer David Legaz testified before the NYC Council Committee on Housing and Buildings on Thursday, June 27 in opposition to a bill (Intro. 1423) that would limit the fees payable to any individual (such as a real estate professional) to one month’s rent when helping a prospective tenant find an apartment in NYC if that individual is an agent or representative of the building. Several other REALTOR® members also attended the hearing and submitted formal testimony. If you reside in New York City, Take Action today to oppose this attempt to cap the amount of fees a broker may collect on a rental transaction.
End of Session Summary
Click here for a review of issues and bills that passed in the final days of the 2019 legislative session, including NYSAR priorities, as well as other non-real estate related items. In the coming weeks, NYSAR will also work to provide additional information and details regarding new rent control measures contained in the Housing Stability and Tenant Protection Act of 2019.
Government Affairs Update for June 21, 2019
State Legislature passes NYSAR-supported bills in final days of session
In the final days of the legislative session the State Senate and Assembly unanimously passed NYSAR-supported legislation (A.8024/S.6249) that would provide clarification on the permissibility of licensed real estate professionals to perform certain property valuation tasks, such as Broker Price Opinions, for appraisal management companies (AMCs). The legislature is also expected to approve a bill (A.6082/S.3839) that would expand core CE requirements for all real estate licensees and eliminate the “grandfathering” exemption for CE. Both bills require the governor’s approval before becoming law.
NYC Council reschedules hearing on rental broker fee cap proposal for June 27 at 1p.m.
The NYC Council Committee on Housing and Buildings has rescheduled it’s hearing to be Thursday, June 27 at 1 p.m. to consider several real estate related bills including a bill (Intro. 1423) that would cap the fee payable to any individual (ie. real estate professionals) when helping a prospective tenant find an apartment in NYC if that individual is an agent or representative of the building. NYSAR and REALTOR® members plan on attending and submitting formal testimony. This hearing is open to the public and will be held at City Hall in lower Manhattan.
NYC Council and Mayor de Blasio reach $92.8 billion budget agreement
The New York City Council adopted an on-time $92.8 billion budget for the 2020 fiscal year after coming to an agreement with Mayor Bill de Blasio last week. The budget includes roughly $3 billion more in spending over the prior year. The budget includes $60 million to begin the process of retrofitting large buildings to make them more energy efficient, part of New York City’s so-called Green New Deal. Read more here.
Get REALTOR Calls for Action sent directly to your mobile phone – Text REALTOR to 30644Be the first to answer important REALTOR Calls for Action by having them texted directly to your phone. Simply text the word “REALTORS” to 30644. You will receive only a few text messages per year. Learn more here.
Government Affairs Update for June 14, 2019
New state rent reform bill to be voted on by State Legislature
The State Legislature is expected to vote on new rent reform legislation (A.8281/S.6458) this week following an agreement announced Tuesday by Assembly and Senate leaders. Current rent regulations are set to expire June 15, 2019. Governor Cuomo has said he plans to sign the bill. Specific provisions to enact a “good cause eviction” standard and automatically cap annual rent increases at 1.5 times the CPI, which NYSAR opposed, were not included in the overall rent reform bill. More details on the new measures included in the omnibus rent bill can be found here. The legislative session is scheduled to adjourn for the year on June 19.
NYSAR legislative priorities
NYSAR-supported legislation continues to advance in the final days of the legislative session. Legislation (A.6082/S.3839) that would expand core CE requirements for all real estate licensees and eliminate the “grandfathering” exemption for CE passed the Assembly and is currently before the State Senate for consideration of a full vote. Another bill (A.8024/S.6249), which would provide clarification on the permissibility of licensed real estate professionals to perform certain property valuation tasks, such as Broker Price Opinions, for appraisal management companies (AMCs) recently passed the Assembly Rules Committee and will be considered for a floor vote. NYSAR is urging the Legislature to approve these bills before the end of session.
Governor addresses flooding on Lake Ontario
Gov. Cuomo announced up to $300 million in funding available for communities impacted by ongoing flooding on Lake Ontario to be used toward resiliency and economic development efforts. Leaders of the International Joint Commission (IJC) will also meet to discuss additional flood relief measures to help shoreline property owners. Flooding levels have reached record levels for second time in two years. Read more here.
Get REALTOR Calls for Action sent directly to your mobile phone – Text REALTOR to 30644
Be the first to answer important REALTOR Calls for Action by having them texted directly to your phone. Simply text the word “REALTORS” to 30644. You will receive only a few text messages per year. Learn more here.
Government Affairs Update for June 7, 2019
TAKE ACTION – Oppose “Good Cause Eviction” and rent control bill
With 7 scheduled legislative days left for the calendar year, the State Legislature is considering a bill (S.2892-A-Salazar/A.5030-A-Hunter) that would establish a “good cause eviction” standard statewide. This new bill would restrict the ability of a landlord to evict a tenant, even in the case of an expired lease. The proposal would also effectively cap annual rent increases at 1.5 times the regional Consumer Price Index in all rental properties except for owner-occupied properties with less than four units. This proposal would discourage real estate investment at a time when New York State should be creating more incentives to attract people, businesses and investment. Take Action today.
NYSAR to testify at NYC Council hearing on rental fee limitation legislation
NYSAR Secretary-Treasurer, David Legaz, will be testifying before the New York City Council Committee on Housing at a public hearing scheduled at City Hall on June 11, at 10 a.m. on a package of bills being considered that seek to regulate and limit residential rental fees and security deposits. NYSAR staff and REALTOR members met with City Councilmembers in March on these issues and will echo their concerns at the June 11 hearing. Read more here.
NFIP to be extended through September 2019
On May 30, one day before its expiration deadline, President Trump signed a two-week extension of the National Flood Insurance Program (NFIP). On June 3, Congress passed a longer extension of the NFIP through September as part of a $19 billion disaster aid package, which the President is also expected to sign. Read more here.