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NY A01212
Bill
Status
1/13/2023
Primary Sponsor
Linda Rosenthal
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AI Summary
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Amends Administrative Code Section 26-510 to require the rent guidelines board to consider all other sources of income from buildings containing regulated housing accommodations, including commercial rents and rent from unregulated residential units.
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Mandates the board examine the extent to which changes in these alternative income sources offset changes in operating costs when establishing annual rent increase calculations.
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Takes effect immediately upon enactment, with amendments expiring on the same date as the underlying rent regulation law (Section 26-520).
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
1/3/2024