§ 606. Extension of the time for payment and suspension of payment of\nreal estate tax liens. 1. As used in this section the term abandoned\nmultiple dwelling shall mean a class A or class B multiple dwelling\ncontaining in the aggregate not less than three dwelling units, at least\neighty percent of the occupied dwelling units of which are occupied by\npersons or families of low income as defined in subdivision ten of\nsection twelve of this chapter and which the supervising agency shall\nfind has been abandoned by the owner or owners thereof. Any such finding\nshall be based on one or more of the following conditions:\n (a) Failure to make any payments in respect of real estate taxes on\nsaid multiple dwelling for twelve months or more, and a continuing\nfailure to maintain essential services, or failure to remove violations\nof the local housing maintenance code or other statutes applicable to\nmultiple dwellings, where, as a result of either such failure the\nmultiple dwelling has become dangerous to the life, health and safety of\nits occupants; or\n (b) Failure to make any payments in respect of real estate taxes on\nsaid multiple dwelling for twelve months or more and failure to attempt\nto collect rent from a majority of the tenants in lawful occupancy of\ndwelling units in such multiple dwelling for a period of three\nconsecutive months or more; or\n (c) The entry of a judgment in favor of the petitioning tenants in a\nproceeding instituted pursuant to article seven-A of the real property\nactions and proceedings law, and the failure by the owner or other\nrespondent to secure the removal of the administrator appointed pursuant\nto such judgment within ninety days after his appointment and\nqualification; or\n (d) The entry or filing of an order appointing a receiver pursuant to\nsection three hundred nine of the multiple dwelling law or any other law\nauthorizing the appointment of a municipality or any agency or official\nthereof as receiver of a multiple dwelling, and the failure by the owner\nor other party entitled thereto to secure the removal or discharge of\nsuch receiver within ninety days thereafter.\n 2. Whenever a housing project (i) of a housing development fund\ncompany organized pursuant to the provisions of article eleven of this\nchapter, (ii) of a company organized pursuant to the provisions of\narticle two, four or five of this chapter, (iii) of a company or owner\naided by article three, eight, twelve, fourteen or fifteen of this\nchapter, or (iv) is to be financed by a mortgage made or insured by the\nfederal government or any agency or instrumentality thereof or a\nmortgage loan entered into in conjunction with a housing assistance\npayments contract in connection with new construction or substantial\nrehabilitation pursuant to section eight of the United States Housing\nAct of 1937, as amended, is premised upon the acquisition, ownership,\nrehabilitation and management of an abandoned multiple dwelling, as said\nterm is defined in subdivision one of this section, the supervising\nagency may, subject to the requirements of subdivision four of this\nsection, enter into an agreement with such housing company or owner,\nwhich agreement shall provide for one or more of the following with\nrespect to accrued real estate tax liens and municipal charges arising\nby operation of law upon the properties upon which such abandoned\nmultiple dwelling is located:\n (a) The extension of the time for the payment of all or part of\naccrued real estate tax liens and municipal charges arising by operation\nof law by spreading the payment thereof over a period or periods of time\nto commence presently or at some future time, but in no event beyond\nforty years from the date of such agreement;\n (b) The elimination of interest and penalties on all or part of the\nunpaid real estate tax liens and municipal charges arising by operation\nof law;\n (c) The suspension of the payment of all or a part of accrued re
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.