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NY A09243
Bill
Status
Introduced
2/9/2022
Primary Sponsor
Daniel O'Donnell
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AI Summary
- Prohibits rent increases for properties under the private housing finance law unless the appropriate department or agency certifies that no recorded violations exist against the property or all violations have been cleared, corrected, or abated
- Alternatively allows rent increases if a portion of the increase is set aside in a trust fund specifically to correct all violations
- Requires the company or applicant to certify in writing that all essential services required to be furnished are being maintained and will continue to be maintained
- 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
referred to housing
2/9/2022
Committee Referrals
Housing2/9/2022
Full Bill Text
No bill text available