NY S02945

Allows heads of household with current tax abatement certificates for rent-controlled or rent-regulated properties to apply for redetermination if household combined income decreases by more than 20 percent.

Redetermination of adjusted rent shall be retroactive to the date of the permanent income decrease, with the look-back period limited to the date of the most recent approved application or renewal.

Establishes minimum adjusted rent thresholds: one-third of combined household income (unless recipient has rent increase exemption order effective by July 1, 2015) or maximum shelter allowance under social services law for those receiving shelter assistance.

Excludes income decreases resulting from changes in income calculation methods from considerations for redetermination.

Takes effect immediately but expires pursuant to section 17 of chapter 576 of the laws of 1974.