senate Bill S3437

2019-2020 Legislative Session

Relates to the adjustment of maximum allowable rent and requiring the division of housing and community renewal to confirm improvements have been made prior to the approval of rent increases

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Housing, Construction And Community Development Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 07, 2019 referred to housing, construction and community development

S3437 (ACTIVE) - Details

See Assembly Version of this Bill:
A1959
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
New York City Administrative Code
Laws Affected:
Amd §§26-405 & 26-511, NYC Ad Cd; amd §6, Emerg Ten Prot Act of 1974; amd §4, Emerg Hous Rent Cont L
Versions Introduced in Other Legislative Sessions:
2015-2016: A9324
2017-2018: A1067

S3437 (ACTIVE) - Summary

Relates to the adjustment of maximum allowable rent and requires the division of housing and community renewal to confirm improvements have been made prior to the approval of rent increases.

S3437 (ACTIVE) - Sponsor Memo

S3437 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3437

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            February 7, 2019
                               ___________

Introduced  by  Sen.  MYRIE  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Housing, Construction  and
  Community Development

AN  ACT  to  amend  the administrative code of the city of New York, the
  emergency tenant protection act of nineteen seventy-four and the emer-
  gency housing rent control law, in relation to the adjustment of maxi-
  mum allowable rent and requiring the division of housing and community
  renewal to confirm improvements have been made prior to  the  approval
  of rent increases

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subparagraphs (e) and (g) of paragraph 1 of  subdivision  g
of  section  26-405  of the administrative code of the city of New York,
subparagraph (e) as amended by section 15 of part B of chapter 97 of the
laws of 2011 and subparagraph (g) as amended by section 31 of part A  of
chapter  20  of  the  laws of 2015, are amended and a new paragraph 8 is
added to read as follows:
  (e) The landlord and tenant  by  mutual  voluntary  written  agreement
agree  to  a  substantial  increase  or  decrease in dwelling space or a
change in the services, furniture, furnishings or equipment provided  in
the  housing accommodations. An adjustment under this subparagraph shall
be equal to one-fortieth, in the case of a building with thirty-five  or
fewer housing accommodations, or one-sixtieth, in the case of a building
with  more than thirty-five housing accommodations where such adjustment
takes effect on or after September twenty-fourth, two  thousand  eleven,
of  the  total cost incurred by the landlord in providing such modifica-
tion or increase in dwelling space, services, furniture, furnishings  or
equipment,  including  the  cost  of installation, but excluding finance
charges, provided further that an  owner  who  is  entitled  to  a  rent
increase  pursuant  to  this  subparagraph  shall  not  be entitled to a
further rent increase based upon the installation of similar  equipment,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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