Relates to authorizing a reduction of taxes pursuant to shelter rent; provides that upon consent of the local legislative body in a city with a population of one million or more such taxes may be reduced to five per centum or less, including a full reduction of the annual shelter rent or carrying charges of a project.
Requires rent concessions to be reported to the division of housing and community renewal; requires the inclusion of a statement of net effective rent for units with concessions; requires certain annual statements filed to include reporting of rent concessions.
This bill amends the private housing finance law to modify local tax exemptions for certain limited-profit housing projects. For these projects located in cities with a population of one million or more, it sets the maximum amount of local and municipal taxes to be paid at zero percent of the annual shelter rent or carrying charges. This effectively removes the previous minimum tax requirement tied to a percentage of shelter rent or 1973 tax levels for these projects. For projects in other municipalities, the local legislative body retains the ability to consent to similar tax reductions, with such consent requiring renewal every ten years.
Establishes the small rental housing development initiative to provide funding to eligible applicants to construct small rental housing developments in eligible areas.
Tolls the four year statute of limitations look back period on rent overcharges where the owner of a housing accommodation acts in a wrongful or fraudulent manner.
This bill changes the proof required for individuals to remain in New York City public housing after a family member moves out. It lowers the standard of proof to match the requirements used for other city housing programs under rent control laws, making it easier to demonstrate residency. The bill does not affect income eligibility rules for public housing. It applies to all new applications submitted to the New York City Housing Authority on or after January 1, 2025.
Removes provisions that prohibit cities of one million or more from strengthening rent regulation laws to provide more comprehensive coverage than state laws.
Requires rent stabilized housing accommodations lost or destroyed due to fire, natural disaster, act of God, act of war or eminent domain, to be replaced in any succeeding construction on the same parcel.
This bill requires landlords to maintain habitable housing conditions before pursuing rent collection or eviction. Specifically, landlords cannot file such cases if there are unresolved violations of housing codes (like lack of heat, water, or rodent infestations) that have existed for five days or more in the apartment or building common areas. If violations exist, landlords must file an affidavit claiming the violations were recorded incorrectly or not addressed by authorities, and courts can dismiss the case if these claims are false or violations are proven. The law directly affects landlords seeking legal action and tenants facing eviction or rent demands.
This bill (S 631) helps rent-controlled tenants with tax abatements who experience a significant income drop. If a household’s combined income decreases by more than 20% after receiving a tax abatement, they can apply to lower their rent to match the original rent-to-income ratio. The adjusted rent can be made retroactive to when the income dropped, but only back to the date of their most recent approved application (not further). It applies specifically to households with rent-controlled units under existing tax abatement programs.