NY A07704

Persons with household income exceeding 125% of area median income would be ineligible to occupy rent-regulated housing under the Emergency Tenant Protection Act, Emergency Housing Rent Control Law, and NYC rent stabilization laws

Tenants who willfully violate the income requirement, including by providing false income documentation, face civil penalties up to $500 per day of illegal occupancy

Current tenants whose income exceeds the threshold are protected from eviction and penalties through the end of their most recent lease executed before the law takes effect, but face eviction grounds after that lease expires

Persons inheriting tenancy through successorship rights must meet the 125% area median income eligibility requirement to occupy the unit; ineligible applicants would be denied successorship

Division of Homes and Community Renewal and Department of Taxation and Finance must promulgate implementing regulations that hold landlords harmless for any tenant violations of the income requirements