Assembly Bill A496

2017-2018 Legislative Session

Relates to the establishment of rent adjustments

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2017-A496 (ACTIVE) - Details

Current Committee:
Assembly Housing
Law Section:
New York City Administrative Code
Laws Affected:
Amd §26-405, NYC Ad Cd; amd §4, Emerg Hous Rent Cont L
Versions Introduced in Other Legislative Sessions:
2009-2010: A7150
2011-2012: A1892
2013-2014: A848
2015-2016: A200

2017-A496 (ACTIVE) - Summary

Relates to the establishment of rent adjustments in NYC and Westchester and Nassau counties; suspends operations of the maximum base rent program.

2017-A496 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    496
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 9, 2017
                                ___________
 
 Introduced  by  M.  of A. ROSENTHAL, GLICK, COLTON, GOTTFRIED, KAVANAGH,
   CYMBROWITZ -- Multi-Sponsored by -- M. of A. DenDEKKER  --  read  once
   and referred to the Committee on Housing
 
 AN  ACT to amend the administrative code of the city of New York and the
   emergency housing rent control law, in relation to  the  establishment
   of rent adjustments

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1.  Subdivision a of section 26-405 of the administrative code
 of the city of New York is amended by adding a new paragraph 10 to  read
 as follows:
   (10)  (A) NOTWITHSTANDING ANY CONTRARY PROVISIONS OF THIS SUBDIVISION,
 EFFECTIVE JANUARY FIRST, TWO THOUSAND EIGHTEEN, MAXIMUM RENTS FOR  HOUS-
 ING  ACCOMMODATIONS  SUBJECT  TO  THIS CHAPTER SHALL NO LONGER BE ESTAB-
 LISHED PURSUANT TO PARAGRAPHS THREE AND FOUR  OF  THIS  SUBDIVISION,  OR
 LIMITED  BY  PARAGRAPH FIVE OF THIS SUBDIVISION, OR ADJUSTED BY SUBPARA-
 GRAPH (L) OR (N) OF PARAGRAPH ONE OF SUBDIVISION G OF THIS SECTION.
   (B) EXCEPT AS OTHERWISE PROVIDED IN THIS PARAGRAPH,  THE  RENT  GUIDE-
 LINES  BOARD  ESTABLISHED PURSUANT TO SECTION 26-510 OF THIS TITLE SHALL
 ESTABLISH ANNUAL RATES OF RENT  ADJUSTMENT  FOR  THE  CLASS  OF  HOUSING
 ACCOMMODATIONS  SUBJECT  TO THIS CHAPTER, IN THE MANNER PROVIDED BY SUCH
 SECTION. THE FACT THAT THE HOUSING  ACCOMMODATION  IS  SUBJECT  TO  THIS
 CHAPTER  MAY  NOT  BE  CONSIDERED AS A FACTOR IN DETERMINING THE RATE OF
 RENT ADJUSTMENT. NOT LATER THAN OCTOBER FIRST, TWO  THOUSAND  SEVENTEEN,
 AND  NOT  LATER  THAN OCTOBER FIRST ANNUALLY THEREAFTER, THE RENT GUIDE-
 LINES BOARD SHALL FILE WITH THE CITY CLERK AND THE DIVISION  OF  HOUSING
 AND  COMMUNITY  RENEWAL ITS FINDINGS ESTABLISHED IN CONSIDERATION OF THE
 ECONOMIC FACTORS LISTED IN SUBDIVISION  B  OF  SECTION  26-510  OF  THIS
 TITLE, AND SHALL ACCOMPANY SUCH FINDINGS WITH A STATEMENT OF THE MAXIMUM
 RATE  OR  RATES  OF  RENT ADJUSTMENT, IF ANY, FOR ONE OR MORE CLASSES OF
 ACCOMMODATIONS SUBJECT TO THIS CHAPTER AUTHORIZED FOR THE ADJUSTMENT  OF
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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