NY A03676

Allows municipalities to declare housing accommodations in buildings that exited the Mitchell-Lama program or lost federal project-based Section 8 rental assistance to be subject to rent and eviction regulation under the Emergency Tenant Protection Act.

Establishes the initial regulated rent for such housing as the rent charged 180 days before the law's enactment, or the most recent rent charged for vacant units, adjusted by applicable guideline increases and authorized increases.

Permits cities with populations of one million or more to amend local rent stabilization law to regulate rents and evictions for housing accommodations made subject to regulation through emergency declarations under this act.

Applies retroactively to housing company buildings that dissolved and covered projects with expired or terminated rental assistance contracts on or before the effective date.

Takes effect immediately upon enactment.