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Archive for June, 2012

Real Estate Industry Loves Catharine Young, Bankrolls Re-election Campaign

Saturday, June 9th, 2012

Senator Catharine Young is up for re-election in November (as is the entire New York legislature), so let’s take a quick look and see where her campaign money is coming from.

It shouldn’t come as any surprise that the real estate industry is leading the pack by a hefty margin. Landlords love Cathy Young!

Influence Explorer: Catharine Young

Source: influenceexplorer.com

Landlords 3, Tenants 0: Catharine Young Passes Three Bills in Senate

Tuesday, June 5th, 2012

Today, the Senate passed three of the bills that Senator Catharine Young introduced in the April 30th housing committee meeting:

S5041A – This bill would give landlords the ability to evict rent stabilized tenants if they fail to file a city/state tax return, or vote in the wrong place, and also would allow a landlord to challenge a tenant’s primary residency at any time during the lease. A version of this bill had previously passed the Senate on June 22nd, 2011, but died in Assembly.

S5152 – This bill would would allow a landlord to evict any rent regulated tenant, who is not disabled or over the age of 62, if the landlord’s immediate family wanted to live there, even for just a short time, without demonstrating any necessity for such occupancy.

S6472 – This bill would allow a landlord to increase the stabilized rent on an apartment by 20% in the event that the residing tenant vacates or dies, and his/her family wishes to continue the lease. Furthermore, the bill would limit succession rights to one generation.

All three bills are currently in Assembly.

Due to an apparent technical glitch, there is no sound on the Senate’s video of the session. However, the full transcript can be read here. In addition, we do have following debate on the S5041A bill between Catharine Young and Gustavo Rivera, who represents District 33 in the Bronx (which, unlike Young’s own district, is actually affected by her bill):