This bill modifies New York's real property tax law to provide tax abatements (reductions in property tax bills) for households where the head of household has a disability. It sets specific income limits: households with disability-related benefits like SSI or SSDI must have combined income under $29,000, while others face a $50,000 threshold, all based on federal disability benefit guidelines. Municipalities can maintain existing local tax abatement rules without new public hearings. The policy directly affects low-to-moderate-income disabled residents and their households seeking property tax relief.
Provides for the appointment of three alternates on rent guideline boards; one alternate shall represent tenants, one shall represent owners of property and one shall be a public representative; alternates shall be permitted to participate in all proceedings of the board as non-voting members; an alternate shall only participate as a voting member of the board and be paid when a member, representing the same interest as the alternate, is unable to fulfill their duties on the board; applies to the city of New York, counties outside the city, towns and villages.
Enacts the "shelter arrears eviction forestallment act" to provide emergency assistance for rent or mortgage arrears or other fees for the prevention of eviction.
Relates to the creation of a statewide residential rental registry providing information relating to rental units including the number and types of code violations issued by the appropriate enforcement agency, and the number of findings of harassment currently on record with the code enforcement agencies.
This bill requires a 75% transfer fee on the market value when rental housing projects or mutual companies (after 20 years of occupancy) are sold or dissolved. It directly affects owners of these properties by mandating this fee payment upon sale or dissolution. The collected fees fund a dedicated housing program to subsidize existing affordable housing developments, provide zero-interest repair loans, convert projects to tenant-owned models, and support new affordable housing initiatives. The funds are managed by New York City and State housing agencies to maintain affordability and support tenant ownership.
S 864 caps annual rent increases for major building improvements at 6% of the legal regulated rent for all tenants in regulated housing. Landlords can still raise rents for essential upgrades like roof repairs, energy efficiency work, or structural fixes, but yearly increases cannot exceed 6% of the current rent. This replaces a previous 2% annual limit for certain older improvement approvals (approved between 2012-2019). The bill directly affects landlords seeking rent hikes for building improvements and their tenants in regulated housing units.
Requires landlords of certain housing accommodations to include with all new and renewal leases, on any rent bills, including any electronic communication the informational material describing eligibility for and the benefits of the senior rent increase exemption program and the disability rent increase exemption program.
Requires companies aided by loans under Mitchell-Lama to notify tenants of such housing of the possibility of buyout from mortgages held which would potentially result in rent increases not later than twelve months prior to proposed dissolution; provides such notice shall inform tenants of the nature of the action, the date intended, the applicable laws and a summary of the potential consequences including expenses and rent increases which may be charged; requires the commissioner or supervising agency to prepare a report to be made available to the tenants of the project.
This bill allows tenants in rent-controlled apartments who received a tax abatement certificate to adjust their rent if household income drops by over 20%. It affects tenants with income decreases who hold valid tax abatement certificates. The key provision lets them apply to reset their rent to match the previous ratio of rent to income, with the adjustment made retroactive to the date the income decreased (but limited to the filing date of their last approved application). This ensures rent stays aligned with income changes without requiring new applications for retroactive relief.
Requires any court which holds a special proceeding to recover real property to establish an escrow account where the tenant shall submit any owed rent into such account.
