NY A01364

Prohibits property owners from leasing vacant housing accommodations to tenants who will not occupy the unit as their primary residence, or to corporations, partnerships, and business entities, with violations subject to civil penalties of $1,000-$2,000 for first offense and $2,000-$3,000 for subsequent offenses.

Creates exceptions allowing leases to not-for-profit corporations providing housing and support services to low-income or vulnerable populations, as determined by the Division of Housing and Community Renewal commissioner.

Permits leases to business entities and partnerships that provide a dwelling unit occupied as the primary residence of an officer, partner, employee, or other individual involved in day-to-day operations.

Applies restrictions to both state-level emergency tenant protection act housing and New York City housing accommodations subject to local rent control regulations.

Takes effect 60 days after becoming law, with New York City provisions expiring according to the existing expiration date of related sections in the administrative code.