NY S00240

Prohibits landlords of rent-regulated housing from leasing vacant apartments to tenants who will not use the unit as their primary residence, or to corporations, partnerships, and other business or non-profit entities

Creates exceptions for non-profit corporations solely engaged in providing housing and support services to low-income or vulnerable populations, as determined by the Division of Housing and Community Renewal

Allows business entities to lease rent-regulated units only when providing housing to an officer, partner, employee, or other person involved in day-to-day operations who will occupy the unit as their primary residence

Establishes civil penalties of $1,000-$2,000 for first violations and $2,000-$3,000 for subsequent violations, imposed after administrative hearing

Takes effect 60 days after becoming law and applies to both the Emergency Tenant Protection Act of 1974 and the New York City Administrative Code rent stabilization provisions