HAUPPAUGE, N.Y. – Senator Thomas Croci (R-C-I, Sayville) joins Governor Cuomo and others as the Governor signs into law critical zombie home and foreclosure prevention legislation.
The legislation was passed in the Senate and Assembly as part of the 2016 Legislative Session and aims to address the immense inventory of abandoned and vacant properties that cause blight in communities across New York State.
“Blighted zombie homes are a critical issue for communities I represent in the 3rd Senate District here on Long Island and other communities across New York State,” said Senator Croci. “It’s an issue I have wrestled with for years, going back to my service as Islip Town Supervisor. Adding additional tools to remove and prevent zombie homes in our neighborhoods will only aid to our quality of life. This legislation brings all the stakeholders into the process – local governments, the banks and the public – to identify and eliminate blighted homes and prevent foreclosed properties from becoming blighted in the first place.”
“For many New Yorkers, homes are our single most important investment, but that investment can be undermined by the blight of neglected and abandoned properties,” Governor Cuomo said. “For each zombie home that we cure and for each that we prevent with this legislation, we are saving entire neighborhoods from the corrosive effect of blight and neglect. I thank my colleagues in the Assembly and Senate for seeing a crisis and helping to turn it into an opportunity for people to realize the great American Dream of homeownership.”
Senate Majority Leader John J. Flanagan said: “Working together, we have passed a responsible measure to address the abandoned and decaying homes in many of our communities known as ‘zombie properties. By doing so, we will reverse blight, protect property values and strengthen our economy for the future. I thank Governor Cuomo and our colleagues in the Legislature, especially Senator Jeff Klein, who as leader of the Independent Democratic Conference and our majority coalition partner, focused on this issue like a laser until we achieved a positive result for the people of New York.”
Senate Independent Democratic Conference Leader Jeffrey Klein said: “Today is a victory for every community in New York State. From The Bronx to Buffalo, zombie properties impact every corner of our state resulting in blight and diminished property values for surrounding homeowners. I fought to make this law a reality and now banks will maintain abandoned properties stuck in the legal limbo of foreclosure. Broken windows, open doors and falling facades will no longer mar our communities, and if banks fail to comply, our law empowers the Department of Financial Services to take court action, issue violations and fines. I thank Governor Cuomo for signing this into law, and protecting communities throughout the state.”
Specifics of the bill include:
In addition to this new package of legislation, the recently adopted state budget includes $100 million to help new homebuyers purchase and renovate zombie properties. This funding, which is administered through the New York State Homes and Community Renewal Neighborhood Revitalization Program, is also available to support low and middle income homeowners with major repairs and renovations in order to rehabilitate, repair, and improve homes to further deter abandonment of a property.
The legislation takes effect immediately.
All media inquiries should be directed to Senator Croci’s Communications Specialist, Christine Geed at (631) 398-8044 (call or text) or via email at email@example.com. Inquiries for additional information should be directed to Senator Croci’s Press Secretary, Jennifer Romero at (631) 513-5657 or via email at firstname.lastname@example.org
Photo Provided by The Office of Senator Croci.
Press Release by Senator Croci’s Press Secretary, Jennifer Romero.
Press Release Made Available by The Office of Senator Croci.