Provides an alternative hardship allowance based on 8 1/2% of assessed value
Summary
Provides for an alternative hardship allowance for landlords in New York city rent controlled apartments which allows a hardship rent increase where a building's annual net income is less than 8.5 percent of the equalized assessed value.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2023
Committee Review
Floor Vote
Governor
Introduced Feb 22, 2023
Last action Jan 3, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
2
Jan 3, 2024
Committee
REFERRED TO HOUSING
lower
Feb 22, 2023
Committee
REFERRED TO HOUSING
lower
1 primary · 1 co-sponsor
Sponsors
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