Establishes a rental assistance loan-to-grant program to assist landlords of small rental properties who have lost rental income due to the inability of the landlords' tenants to pay rent during the COVID-19 state disaster emergency; provides for the repeal of such provisions upon the expiration thereof.
Includes 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; requires landlords to offer tenants the option of positive rental payment information reporting; creates notice requirements for the election of positive rental payment information reporting.
Requiring landlords to offer to sell certain rental properties to the tenants of such properties before offering such properties for sale to the public.