BILL NUMBER: S6001

SPONSOR: HOYLMAN
 
TITLE OF BILL:

An act to repeal paragraph 12 of subdivision a of section 5 of the emer-
gency tenant protection act of nineteen seventy-four, relating to high
income rent deregulation; to repeal section 5-a of the emergency tenant
protection act of nineteen seventy-four, relating to high income rent
deregulation; and to repeal section 26-504.3 of the administrative code
of the city of New York, relating to high income rent deregulation

 
SUMMARY OF PROVISIONS:

Section 1 of the bill repeals paragraph 12 of subdivision a of section 5
of chapter 576 of the laws of 1974, constituting the emergency tenant
protection act of nineteen seventy-four.

Section 2 of the bill repeals section 5-a of chapter 576 of the laws of
1974, constituting the emergency tenant protection act of nineteen
seventy-four.

              

Section 3 of the bill repeals section 26-504. 3 of the administrative
code of the city of New York.

Section 4 of the bill establishes the effective date.

 
JUSTIFICATION:

This bill repeals provisions of the Emergency Tenant Protection Act of
1974 and the NYC Administrative Code that allow for the deregulation of
a rent-regulated housing accommodation upon renewal of a lease when the
monthly rent reaches $2,700 and the combined annual income of all
persons that occupy the housing accommodation as their primary residence
exceeds $200,000 for each of the two preceding calendar years.

It is more important than ever, given the severe shortage of affordable
housing that New York City is currently facing, to preserve the rent-re-
gulated status of as many housing units as possible. Regardless of who
occupies a housing accommodation, it is incumbent upon New York State to
take action to prevent the deregulation of affordable units that have
helped to preserve the local character and habitability of neighborhoods
that grow more expensive and less accessible by the day.

Under this statute, tenants are currently required to submit to an
extensive certification process to prove their annual income levels, and
landlords can bring eviction proceedings against tenants who fail to
certify their income.

Tenants living with roommates to try and cope with the increasing cost
of living in New York City are negatively affected by this provision of
law, as are those cohabitating with working family members.  New York
should be finding ways to increase its affordable housing stock and make
the city more livable for all, not to deregulate the rent-regulated
units we do have which provide important stability for our middle class
and our seniors.

 
LEGISLATIVE HISTORY:

New bill

 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:

None.

 
EFFECTIVE DATE:
Immediately.