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NY A03262

Bill

Official Source

Status

Introduced

1/22/2021

Primary Sponsor

Linda Rosenthal

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Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Amends Administrative Code Section 26-510 to require the rent guidelines board to consider income landlords receive from commercial rents and unregulated residential units in buildings containing rent-regulated units
  • Requires the board to account for how changes in these other income sources offset changes in operating costs when establishing annual rent calculations
  • Takes effect immediately upon passage
  • Expires on the same date as the existing rent regulation law (Section 26-520) and does not extend that law's expiration

Legislative Description

Requires the rent guidelines board to take other sources of income received by landlords from commercial rents and unregulated residential units into account when establishing annual calculations.

Last Action

referred to housing

1/5/2022

Committee Referrals

Housing1/22/2021

Full Bill Text

No bill text available