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Assembly introduces ETPA extender.


The New' York State Assembly Housing Committee has reported out a two-year extension of the Emergency Tenant Protection Act that was to be examined by the full membership this week. The measure is sponsored by Speaker Saul Weprin Saul Weprin (August 5, 1927-February 11, 1994) is the former Speaker of the New York State Assembly. Personal life
He was born in Brooklyn and practiced law much of his life. Political Life
He represented a district in the Queens borough of New York City.
, a Queens Democrat.

John J. Gilbert III, president of the Rent Stabilization AssociatiOn, which opposes the continuance of rental protection laws that expire otherwise on June 15, 1993, expects the bill to pass overwhelmingly in the Assembly.

"It is one of the most irresponsible acts that I have seen in the 15 years I have been active in housing," Gilbert said, "for the Assembly to simply put out a straight extender See Media Center Extender, bus extender and DOS extender.  without making changes necessary for the industry to survive. You have an industry dying and withering on the vine and the first attempt to try to change the law is to do nothing."

Dan Margulies, executive director of the Community Housing Improvement Program observed, "The absolute best thing would be for one house not to act and that would end rent regulation entirely but the Senate 'hasn't got the guts to do that."

At this point, Gilbert said, the RSA (1) (Rural Service Area) See MSA.

(2) (Rivest-Shamir-Adleman) A highly secure cryptography method by RSA Security, Inc., Bedford, MA (www.rsa.com), a division of EMC Corporation since 2006. It uses a two-part key.
 can only hope the Senate will understand the necessity to make changes in the law and force the Assembly to go along.

Gilbert added, "It's as if Speaker Weprin is playing Nero here. He is fiddling without doing anything while the industry burns."

Last year, both a means test means test
n.
An investigation into the financial well-being of a person to determine the person's eligibility for financial assistance.


means test
Noun
 and a measure to decontrol de·con·trol  
tr.v. de·con·trolled, de·con·trol·ling, de·con·trols
To stop control of, especially by the government: decontrolled oil and natural-gas prices.
 units renting for more than $2,000 passed in the State Senate chamber.

A measure to exempt small building from rental regulations is likely to be introduced as well. Under current law, buildings with up to six units are exempt. Industry experts say buildings with up to about 20 apartments are the ones most likely to be delinquent on property taxes and taken in rem [Latin, In the thing itself.] A lawsuit against an item of property, not against a person (in personam).

An action in rem is a proceeding that takes no notice of the owner of the property but determines rights in the property that are conclusive against all the
 by the city because rents do not cover operating costs operating costs nplgastos mpl operacionales .

"I don't think anybody is married to a number,' Margulies said, 'but there clearly will be a push along those lines.' In 1971, high tax delinquencies led to vacancy decontrol which lasted to 1974. High delinquencies are once again a problem today, Margulies added.
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Title Annotation:New York State Assembly Housing Committee passes extension of Emergency Tenant Protection Act
Author:Weiss, Lois
Publication:Real Estate Weekly
Date:Feb 10, 1993
Words:362
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