NY A09986

Establishes income eligibility threshold of 125 percent of area median income for tenants in housing accommodations subject to the Emergency Tenant Protection Act of 1974 and Emergency Housing Rent Control Law.

Allows current tenants whose income exceeds the threshold to remain through the duration of their most recent lease executed before the law's effective date; eviction becomes possible only after lease renewal.

Protects tenants whose income increases above 125 percent of area median income after lawfully occupying a unit, permitting them to stay through their current lease term before eviction may be considered.

Denies successorship tenancy to persons who do not meet the income eligibility requirements, regardless of family relationship to the previous tenant.

Imposes civil penalties up to $500 per day of illegal occupancy for tenants who willfully violate income requirements or provide false documentation, while protecting landlords from liability for violations.