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NY A07830
Bill
Status
4/11/2025
Primary Sponsor
Chantel Jackson
Click for details
AI Summary
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Creates a pilot program allowing landlords of rent-regulated apartments to charge rents up to the maximum payment standard set by rental assistance programs (such as Section 8 vouchers), even if that amount exceeds legal rent limits
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Applies only to units registered as vacant with the state housing agency in 2025 that are subsequently rented to voucher holders, and only in buildings constructed before January 1, 1974
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Requires the underlying legal regulated rent, preferential rent, or maximum collectible rent to be preserved and registered with the state housing agency during participation in the program
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Reinstates the original legal rent (plus any allowable increases that would have accrued) when the unit is no longer occupied by a voucher-holding tenant
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Program expires June 15, 2027, but units with vacancy leases starting before that date remain covered as long as they continue housing voucher-holding tenants under a payment agreement
Legislative Description
Establishes the rental assistance payment standard pilot program where the owner of a housing accommodation shall be entitled to charge and collect a rent equal to the maximum amount that the rental assistance program prescribes for like housing accommodations, subject to rent reasonableness calculations.
Last Action
referred to housing
1/7/2026