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Senate Bill S10504

2025-2026 Legislative Session

Requires the division of housing and community renewal to publish the results of annual audits of approved applications for temporary major capital improvement increases on its website annually

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

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2025-S10504 (ACTIVE) - Details

See Assembly Version of this Bill:
A795
Current Committee:
Senate Housing, Construction And Community Development
Law Section:
New York City Administrative Code
Laws Affected:
Amd §§26-405.1 & 26-511.1, NYC Ad Cd; amd §10-b, Emerg Ten Prot Act of 1974; amd §8-a, Emerg Hous Rent Cont L

2025-S10504 (ACTIVE) - Summary

Requires the division of housing and community renewal to publish the results of annual audits of approved applications for temporary major capital improvement increases on its website annually.

2025-S10504 (ACTIVE) - Sponsor Memo

2025-S10504 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10504
 
                             I N  S E N A T E
 
                               May 15, 2026
                                ___________
 
 Introduced  by Sen. KAVANAGH -- 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 requiring the  division
   of  housing  and  community  renewal  to publish the results of annual
   audits of approved applications for temporary major  capital  improve-
   ment increases on its website annually
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision b of section  26-405.1  of  the  administrative
 code of the city of New York, as added by section 5 of part K of chapter
 36 of the laws of 2019, is amended to read as follows:
   b. The division shall establish an annual inspection and audit process
 which  shall  review twenty-five percent of applications for a temporary
 major  capital  improvement  increase  that  have  been  submitted   and
 approved. Such process shall include individual inspections and document
 review to ensure that owners complied with all obligations and responsi-
 bilities   under   the  law  for  temporary  major  capital  improvement
 increases. Inspections shall include in-person  confirmation  that  such
 improvements  have been completed in such way as described in the appli-
 cation. THE DIVISION SHALL CONSPICUOUSLY MAKE AVAILABLE ON  ITS  WEBSITE
 THE RESULTS OF EVERY ANNUAL AUDIT CONDUCTED PURSUANT TO THIS SUBDIVISION
 AND SHALL PUBLISH NEW AUDIT RESULTS ON ITS WEBSITE ANNUALLY.
   §  2.  Subdivision b of section 26-511.1 of the administrative code of
 the city of New York, as added by section 4 of part K of chapter  36  of
 the laws of 2019, is amended to read as follows:
   b. The division shall establish an annual inspection and audit process
 which  shall  review twenty-five percent of applications for a temporary
 major  capital  improvement  increase  that  have  been  submitted   and
 approved. Such process shall include individual inspections and document
 review to ensure that owners complied with all obligations and responsi-
 bilities   under   the  law  for  temporary  major  capital  improvement
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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