NYHA LEGISLATIVE ALERT
Governor Hochul signed three bills on Wednesday, October 25, 2023 that will impact the manufactured housing industry and communities in New York State. Please review the following summaries of the bills, especially the Right of First Refusal, which will have a significant impact on manufactured home community owners.
Summary from Mark Glaser, Esq.
Governor Hochul's Press Release
Right of First Refusal Legislation: S5881-A / A5549-A
DBSC Fines Legislation: A7422 / S7381
SONYMA Mortgages: A7403-A / S7541