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NY A03540
Bill
Status
Introduced
1/27/2021
Primary Sponsor
Robert Rodriguez
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AI Summary
- Prohibits rent increases on properties unless the appropriate local housing agency certifies there are no recorded code violations or that all violations have been cleared, corrected, or abated
- Allows rent increases if a portion of the increase is set aside in a trust fund specifically designated to correct all violations
- Requires companies or applicants seeking rent increases to certify they are maintaining all essential services required by law and will continue to do so
- Applies to properties regulated under the private housing finance law
- 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
12/10/2021
Committee Referrals
Housing1/27/2021
Full Bill Text
No bill text available