Establishes the large projects historic rehabilitation tax credit and the "white elephant" housing historic rehabilitation projects tax credit program for qualified rehabilitation expenditures totaling fifty million dollars or more with respect to a certified historic structure that has been vacant, as determined by local code enforcement or other reasonable means, for at least ten of fifteen consecutive years preceding the date of the taxpayer's application for the rehabilitation credit.
This bill expands the Excelsior Scholarship program to allow recipients to use scholarship funds for room and board expenses, in addition to tuition. Previously, funds covered only tuition costs up to $5,500 annually. The bill specifies that after tuition is paid using other aid (like federal grants), any remaining scholarship amount can cover non-tuition costs like housing, without exceeding the $5,500 total limit. It directly affects New York students receiving the Excelsior Scholarship who face non-tuition education expenses. The change applies to all eligible students at participating public colleges and universities.
Creates a presumption that certain harassing acts by an owner are intended to cause a tenant to vacate their dwelling units or to surrender or waive any rights in relation to such occupancy.
Enacts the "home repair act" establishing a home repair program and home repair fund to assist in home repairs by homeowners and landlords to improve home conditions.
Requires the disclosure of bedbug infestation history for the previous year to prospective lessees; does not apply to cities with a population of one million or more; includes co-op sales and co-op and condo rentals in addition to other types of rentals.
Prohibits utility service terminations in multiple dwellings; authorizes utility companies or municipalities to commence an action against the owner of the premises affected to seek the appointment of a receiver of rents or payments for use and occupancy or common charges.
This bill requires landlords of buildings with five or more rental units to submit quarterly reports to New York Homes and Community Renewal. The reports must include the number of applications for "succession rights" received, the dates of those applications, whether they were granted or denied, and the reasons for denials. Succession rights refer to the ability of a family member to take over a rent-stabilized apartment after a tenant moves out or dies. Landlords must provide this data in a form specified by the agency, directly affecting multi-unit property owners and tenants seeking to inherit rent-stabilized housing. The bill takes effect January 1st following its enactment.
Provides that in cities with a population of one million or more, a tenant or group of tenants, after proper notice to the landlord of the existence of a hazardous violation of housing codes and certification of the existence of such violation by the local agency charged with enforcement of housing codes, may contract for the repair of such condition and offset the price of such repair from their rental payments if the landlord fails to commence work to correct the condition within a certain period after notice is received.
S 1077, the New York City Arts Space Act, creates tax benefits for property owners who rent affordable arts spaces to eligible organizations. It directly affects NYC-based nonprofit arts organizations (with 501(c)(3) status) and property owners of qualifying apartment buildings. The bill provides reduced property taxes based on how much below $20 per square foot the rent is charged - e.g., renting at $15/sq ft earns a 5% tax benefit increase. Property owners must maintain rents at or below $20/sq ft (with annual adjustments ≤3%), ensure spaces meet city occupancy standards, and provide tenant improvements ($50-$100/sq ft) to qualify for full tax exemptions in early years.
Prohibits temporary major capital improvement increases for buildings where the owner has demonstrated a pattern of violations unless the applicant shows by clear and convincing evidence that the proposed improvement will directly and substantially remedy those violations.
