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NY S08046
Bill
Status
6/11/2025
Primary Sponsor
Siela Bynoe
Click for details
AI Summary
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Requires the Division of Housing and Community Renewal to establish an annual inspection and audit process reviewing 5% of individual apartment improvement (IAI) notifications for rent-regulated units outside New York City
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Mandates in-person inspections and document reviews to verify that landlords completed improvements as described in their notifications and complied with all legal obligations
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Automatically classifies any overcharges discovered through the audit process as "willful" if the landlord cannot substantiate the claimed recoverable costs
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Requires the division to conduct audits of all housing accommodations owned by a landlord found to have willfully overcharged tenants, in addition to existing penalties
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Applies to rent-stabilized units in cities with populations under one million, as well as towns and villages where a housing emergency has been declared
Legislative Description
Requires an annual inspection and audit process which shall review five percent of individual apartment improvement notifications for rent stabilized apartments outside of the city of New York; requires additional audits where violations are found.
Last Action
REPORTED AND COMMITTED TO FINANCE
2/4/2026