Skip to content
A2239Assembly2017-2018 SessionSame asS4568

Limit Rent Hikes to 6%

Official title

“Caps the amount of collectible rent increases due to major capital improvements at six percent of the legal regulated rent”

Sponsor Shelley MayerAD-90+14 co-sponsorsAffects Legal
Status
Stricken
Impact
6/10
Moderate
Passage
0%

Bill progress

Step 2 of 7

In committee · Codes

What's happening

This bill limits annual rent increases for major capital improvements in rent-regulated housing to 6% per year in New York.

Why it matters

  1. Limits landlords from imposing large, sudden rent hikes. due to major capital improvements, ensuring tenants are not forced to pay more than 6% extra per year, even if building upgrades were expensive.

  2. Improves housing stability for rent-regulated tenants. by making future rent increases more predictable and manageable, potentially reducing displacement from unaffordable rent jumps.

  3. Requires any approved rent increase above 6% to be spread out over multiple years. , preventing landlords from collecting multiple 6% increases in a single year and smoothing out costs for renters.

  4. Balances landlord investment incentives with tenant protections. , as landlords can still recoup improvement costs over time, but cannot do so at the expense of tenant affordability.

The daily · weekday mornings

Albany, before your first meeting.

Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.

Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.

Who cares

Headline styles

Limit Rent Hikes to 6%

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
Shelley Mayer

Assembly Member · Assembly District 90

History

  1. Enacting clause stricken
  2. Recommitted to codes
  3. Ordered to third reading cal.166
  4. Ordered to third reading rules cal.209
  5. Rules report cal.209
  6. Reported
  7. Reported referred to rules
  8. Reported referred to codes
  9. Referred to housing

Companion bill

The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.

S4568Senate

Limit Rent Hikes to 6%

In Senate Committee · Housing, Construction And Community Development · Sponsor Jamaal Bailey

Impact 7 · Significant0% to pass

Full text

2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

2239

2017-2018 Regular Sessions

IN ASSEMBLY

January 17, 2017

Introduced by M. of A. MAYER, WRIGHT, ABINANTI, GOTTFRIED, HOOPER, JAFFEE, KAVANAGH, MOSLEY, O'DONNELL, PRETLOW, RIVERA, ROZIC, SOLAGES, ARROYO, PICHARDO -- Multi-Sponsored by -- M. of A. BUCHWALD, DAVILA, SIMON -- read once and referred to the Committee on Housing

AN ACT to amend the emergency tenant protection act of nineteen seventy-four, in relation to capping the amount of collectible rent increases due to major capital improvements at six percent of the legal regulated rent

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

Section 1. Paragraph 3 of subdivision d of section 6 of section 4 of chapter 576 of the laws of 1974, constituting the emergency tenant protection act of nineteen seventy-four, as amended by section 30 of part A of chapter 20 of the laws of 2015, is amended to read as follows:

(3) there has been since January first, nineteen hundred seventy-four a major capital improvement required for the operation, preservation or maintenance of the structure. An adjustment under this paragraph shall be in an amount sufficient to amortize the cost of the improvements pursuant to this paragraph over an eight-year period for a building with thirty-five or fewer housing accommodations, or a nine-year period for a building with more than thirty-five housing accommodations, for any determination issued by the division of housing and community renewal after the effective date of the rent act of 2015; provided that the collection of any increase in the legal regulated rent for any housing accommodation pursuant to this paragraph shall not exceed six percent in any year from the effective date of the order granting the increase over the legal regulated rent registered pursuant to section twelve-a of this act, with collectibility of any dollar excess above said sum to be spread forward in similar increments and added to the legal regulated rent as established or set in future years. In no event shall more than

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD02495-01-7

A. 2239 2

one six percent increase in the legal regulated rent pursuant to this paragraph be collected in the same year, or

§ 2. This act shall take effect immediately; provided, however, that the amendment to section 4 of the emergency tenant protection act of nineteen seventy-four made by section one of this act shall expire on the same date as such act expires and shall not affect the expiration of such act as provided in section 17 of chapter 576 of the laws of 1974, as amended.

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.