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NY A10599

Bill

Official Source

Status

Introduced

3/13/2026

Primary Sponsor

Alicia Hyndman

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Requires the New York City Rent Guidelines Board to assess properties of all sizes when determining annual rent adjustments
  • Mandates creation of small, medium, and large property owner categories based on total units owned, gross rent, and income receipts
  • Requires the board to identify and publish data sources used for rent adjustment determinations, including real property income and expense forms from the Department of Finance
  • Limits hardship rent increase eligibility to property owners with a maximum of 20 units in New York City
  • Prohibits limited liability companies and large real estate investors from receiving hardship rent increases

Legislative Description

Establishes certain criteria for the rent guidelines board to use for purposes of determining annual rent adjustments.

Last Action

referred to housing

3/13/2026

Committee Referrals

Housing3/13/2026

Full Bill Text

No bill text available