assembly Bill A2352

2021-2022 Legislative Session

Eliminates rent increase for major capital improvements

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Sponsored By

Current Bill Status - In Assembly Committee


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 05, 2022 referred to housing
Jan 14, 2021 referred to housing

Co-Sponsors

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A2352 (ACTIVE) - Details

See Senate Version of this Bill:
S1255
Law Section:
Emergency Housing Rent Control Law
Laws Affected:
Amd §4, Emerg Hous Rent Cont L; amd §6, Emerg Ten Prot Act of 1974; amd §§26-405, 26-407 & 26-511, NYC Ad Cd
Versions Introduced in 2019-2020 Legislative Session:
A6322, S3693

A2352 (ACTIVE) - Summary

Eliminates rent increase for major capital improvements.

A2352 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2352
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 14, 2021
                                ___________
 
 Introduced  by  M.  of  A. BARNWELL, JOYNER, QUART, EPSTEIN, DE LA ROSA,
   L. ROSENTHAL, CRUZ, HEVESI, HUNTER, GLICK, TAYLOR,  PICHARDO,  FERNAN-
   DEZ,  REYES,  NIOU,  FRONTUS,  GOTTFRIED,  BICHOTTE HERMELYN,  DAVILA,
   CARROLL, BARRON, DINOWITZ, J. RIVERA, KIM, PERRY,  SEAWRIGHT,  WEPRIN,
   ROZIC, AUBRY, SIMON, COLTON, DARLING, RODRIGUEZ, WALKER, D. ROSENTHAL,
   NOLAN -- read once and referred to the Committee on Housing
 
 AN  ACT  eliminating rent increases based on major capital improvements;
   to amend chapter 274 of the laws of 1946, constituting  the  emergency
   housing rent control law, the emergency tenant protection act of nine-
   teen seventy-four and the administrative code of the city of New York,
   in  relation  to  eliminating  rent increases to pay for major capital
   improvements
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Legislative  findings  and  declaration of emergency. The
 legislature hereby finds and declares that the serious public  emergency
 which  led  to the enactment of the existing laws regulating residential
 rents and evictions continues to exist. The  legislature  further  finds
 that a majority of households currently occupying housing accommodations
 subject  to  rent  laws  are  rent-burdened; that permanent increases in
 rents are no longer necessary to incentivize rental property  owners  to
 make,  or  to compensate landlords for, necessary major capital improve-
 ments; that publicly funded  tax  incentives  and  other  subsidies  are
 available  to  rental  property owners to support major capital improve-
 ments; that value from major  capital  improvements  accrues  to  rental
 property owners through increased property values and sale prices; that,
 due  to  market  conditions  in  localities subject to rent laws, rental
 property owners are already able to realize a reasonable return on their
 investments in major capital  improvements  through  increased  property
 values and sale prices alone; and that provisions for hardship increases
 under  existing rent laws already ensure that rental property owners are
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.