2009 Loft Law Amendment

Legislative history

Provisions

• Amends the definition of loft dwellings to include commercial or manufacturing buildings occupied for residential purposes for 12 consecutive months from January 1, 2008 to December 31, 2009 and extends Loft Law protections to tenants in such buildings
• Requires non-residential space in such buildings to be offered for residential use only after a residential certificate of occupancy has been obtained for such space
• Requires owners of loft buildings to achieve compliance with the standards of safety and fire protection, and take reasonable and necessary action to obtain certificate of occupancy as a class A multiple dwelling for the residential portion of the building
• Authorizes the Loft Board to extend any compliance deadline that an owner is unable to meet for reasons beyond his or her control
• Authorizes the Loft Board, upon good cause shown, to extend the time of compliance twice with the requirement to obtain a residential certificate of occupancy for periods not to exceed 12 months each
• Allows owners of such buildings to apply to the Loft Board for an exemption of a building if the owner can show it would cause an unjustifiable hardship
• Provides that these interim multiple dwellings become subject to the New York City Rent Stabilization Law after they are legalized
• Makes the Loft Law permanent