NY A06054

Changes major capital improvement (MCI) rent increase recovery period from 8-9 years to 84 months (7 years), applied uniformly across all building sizes in rent-regulated housing in New York City.

Adds requirement that MCI improvements must be enhancements or upgrades rather than repairs/replacements of existing services, and prohibits MCI approval if hazardous violations exist unless the work addresses those violations.

Requires property owners to file notice at least 30 days before improvement work begins, including scope of work, completion date, and affidavit confirming no owners have a history of tenant harassment or unlawful evictions in the prior 5 years.

Mandates that the Division of Housing and Community Renewal provide tenants with improvement information and implement procedures for tenant input to verify satisfactory completion before rent increases take effect.

Bars rent increases for major capital improvements funded in whole or in part by New York State Energy Research and Development Authority (NYSERDA) grants.