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NY A04877
Bill
Status
2/7/2025
Primary Sponsor
Sarahana Shrestha
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AI Summary
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Allows cities with less than one million residents, towns, and villages to declare a housing emergency through two methods: either by reviewing publicly available data on housing supply, vacancy rates, affordability, and homelessness after public hearings, or by using the existing 5% vacancy rate threshold
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Maintains the 5% vacancy rate threshold as the sole standard for declaring housing emergencies in cities with one million or more residents (New York City)
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Requires property owners to provide rent rolls and vacancy information for the preceding 36 months when municipalities conduct vacancy rate studies, with a civil penalty of up to $500 for refusal to participate or submitting false information
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Allows smaller municipalities (under one million residents) to extend rent regulation to buildings with fewer than six units
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Exempts buildings completed or substantially rehabilitated within the past 15 years from rent stabilization in cities under one million residents and in towns or villages
Legislative Description
Relates to enacting the rent emergency stabilization for tenants act on local determinations of a housing emergency; authorizes a city with a population of one million or more to declare an emergency as to any class of housing accommodations if the vacancy rate for the housing accommodations in such class within such municipality is not in excess of five percent and a declaration of emergency may be made as to all housing accommodations if the vacancy rate for the housing accommodations within such municipality is not in excess of five percent; authorizes other cities, towns and villages to declare a housing emergency after considering publicly available data and holding public hearings.
Last Action
referred to housing
1/7/2026