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NY A03029
Bill
Status
Introduced
2/2/2023
Primary Sponsor
Daniel O'Donnell
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AI Summary
- Prohibits rent increases for properties unless a certificate from the appropriate local agency confirms no recorded violations exist or all violations have been cleared, corrected, or abated
- Allows alternative compliance if a portion of the rent increase is set aside in a trust fund specifically to correct all violations
- Requires the applicant company to certify it is maintaining all essential services and will continue to do so
- Applies to applications for increases in average monthly rental 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
referred to housing
1/3/2024
Committee Referrals
Housing2/2/2023
Full Bill Text
No bill text available