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NY A07232
Bill
Status
5/8/2013
Primary Sponsor
Gabriela Rosa
Click for details
AI Summary
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Prohibits applications for increases in average monthly rental unless a certificate from the appropriate department or agency states that the property has no recorded violations or all violations have been cleared, corrected, or abated.
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Allows an alternative to the violation certificate if a portion of the rent increase is set aside in a trust fund specifically to correct all recorded violations.
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Requires the applicant company to certify that it is maintaining all essential services required to be furnished and will continue to do so.
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Applies to limited-profit housing companies under the private housing finance law.
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Takes effect immediately upon enactment.
Legislative Description
Prohibits any increase in the average monthly rental of a property by a limited-profit housing company unless the appropriate local housing agency certifies that there exists no recorded violations against such property or that all recorded violations have been cleared, corrected or abated, and that such company is maintaining all essential services required to be furnished.
Last Action
enacting clause stricken
6/30/2014