---
type: "Bill"
title: "Amends the private housing finance law relating to establishing initial rents in respect of certain loans to owners of existing multiple dwellings, in relation to the effective date thereof"
description: "Extends expiration of authority granted to the city of New York to restructure the rents of units in buildings receiving municipally financed rehabilitation loans."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2017-2018"
identifier: "A 10559"
citation: "New York A 10559 (2017-2018)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["NIOU"]
version_count: 2
action_count: 10
vote_count: 2
first_action: "2018-05-07"
last_action: "2018-07-01"
source: "openstates"
source_identifier: "ocd-bill/5a5adb82-1b68-4524-969e-8511c240751b"
source_url: "http://www.nysenate.gov/legislation/bills/2017/A10559"
source_hash: "658ed420735cc178189167f22f08014e0a3b503bd3c1b4fbcde01168dd7e8481"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ny"]
---

# New York A 10559 (2017-2018) — Amends the private housing finance law relating to establishing initial rents in respect of certain loans to owners of existing multiple dwellings, in relation to the effective date thereof

Extends expiration of authority granted to the city of New York to restructure the rents of units in buildings receiving municipally financed rehabilitation loans.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **A10559 HTML** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=A10559&term=2017&Text=Y)
2. **A10559 PDF** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2017/A10559)

## Votes

- Floor Vote — **60–0** (pass) · upper
- Assembly Vote — **141–0** (pass) · lower

## Sponsors

- NIOU — primary (person)
- CYMBROWITZ — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2018-05-07** REFERRED TO HOUSING `referral-committee`
- **2018-05-31** REPORTED
- **2018-05-31** ADVANCED TO THIRD READING CAL.1059
- **2018-06-06** PASSED ASSEMBLY `passage`
- **2018-06-06** DELIVERED TO SENATE
- **2018-06-20** ORDERED TO THIRD READING CAL.2091
- **2018-06-20** PASSED SENATE `passage`
- **2018-06-20** RETURNED TO ASSEMBLY
- **2018-06-28** DELIVERED TO GOVERNOR `executive-receipt`
- **2018-07-01** SIGNED CHAP.95 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/5a5adb82-1b68-4524-969e-8511c240751b`. Confidence: reported (aggregated from official New York legislature records).