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NY A07757
Bill
Status
4/8/2025
Primary Sponsor
Chantel Jackson
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AI Summary
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Creates a "local regulated housing restoration adjustment" allowing owners of rent-regulated units vacated after 10+ years of continuous tenancy to set new rents at the rate agreed upon with the first tenant after restoration, capped at the Section 8 voucher payment standard for the same unit size and zip code
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Requires owners to submit documentation including lead-free test results, tenant protection plans, contractor certifications, before/after photos, and a signed form from the previous tenant confirming voluntary vacatur (not due to harassment)
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Prohibits the rent adjustment for units rented within 24 months of ownership transfer, within 36 months of a harassment determination, in buildings under the Alternative Enforcement Program, or following an unlawful eviction
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Establishes an audit process where the Division of Housing and Community Renewal reviews a percentage of registered rent adjustments; non-compliant owners have rents reduced to 75% of the applicable Section 8 voucher payment standard
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Requires owners to notify new tenants in writing of the rent adjustment, prior legal rent, work completed, and the tenant's right to challenge the new rent within 120 days of receiving notice
Legislative Description
Provides that when a housing accommodation has been vacated after continuous tenancy or occupancy of ten years or more prior to vacancy, and the owner can demonstrate restoration of the unit, the new legal regulated rent shall be the rent agreed to by the owner and first tenant after such restoration and reserved in a lease or other rental agreement; makes related provisions.
Last Action
referred to housing
1/7/2026