What's happening
This bill transitions all New York City rent controlled apartments to rent stabilized status, reclassifying their rent regulation.
Why it matters
Majorly expands the pool of rent stabilized apartments. by reclassifying all current rent controlled units, potentially increasing tenant protections for many residents while changing how rent increases are calculated.
Standardizes regulatory oversight. by placing all previously rent controlled units under the same legal and administrative framework as rent stabilized units, which may streamline enforcement, reporting, and tenant-landlord dispute resolution.
Could affect rent prices and succession rights. since rent stabilization allows for different formulas for rent increases and succession rules than rent control, impacting both tenants’ costs and their ability to pass apartments to family members.
Signals a policy shift in addressing housing affordability. by phasing out the older rent control system (which applies to fewer and generally older tenants) and moving toward a more uniform rental regulation system, potentially influencing future housing and rent regulation debates.
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Who cares
Headline styles
Shift to Rent Stabilization
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Referred to housing
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
10098
IN ASSEMBLY
March 14, 2018
Introduced by M. of A. O'DONNELL -- read once and referred to the Committee on Housing
AN ACT to amend the administrative code of the city of New York, in relation to transitioning all rent controlled housing accommodations to be rent stabilized
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The administrative code of the city of New York is amended by adding a new section 26-416 to read as follows:
§ 26-416 Transition of rent controlled housing accommodations to rent stabilization. All housing accommodations subject to rent regulation under the provisions of this chapter on January first, two thousand nineteen shall be reclassified to be subject to rent regulation under the provisions of chapter four of this title and designated "transitioned housing accommodations".
§ 2. Section 26-504 of the administrative code of the city of New York is amended by adding a new subdivision d to read as follows:
d. Transitioned housing accommodations as designated by section 26-416 of this title.
§ 3. This act shall take effect immediately; provided that the amendments to the city rent and rehabilitation law made by section one of this act shall remain in full force and effect only as long as the public emergency requiring the regulation and control of residential rents and evictions continues, as provided in subdivision 3 of section 1 of the local emergency housing rent control act; and provided that the amendments to section 26-504 of chapter 4 of title 26 of the administrative code of the city of New York made by section two of this act shall expire on the same date as such law expires and shall not affect the expiration of such law as provided under section 26-520 of such law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15102-01-8
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.