Bill Text: NY A01950 | 2015-2016 | General Assembly | Introduced
Bill Title: Prohibits a county rent guidelines board from establishing rent adjustments for class A dwelling units based on the current rental cost of a unit or on the amount of time that has elapsed since another rent increase was authorized.
Spectrum: Partisan Bill (Democrat 17-0)
Status: (Introduced - Dead) 2016-01-06 - referred to housing [A01950 Detail]
Download: New_York-2015-A01950-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 1950 2015-2016 Regular Sessions I N A S S E M B L Y January 13, 2015 ___________ Introduced by M. of A. ROSENTHAL, DINOWITZ, GLICK, GOTTFRIED, ABINANTI, ROBINSON, COLTON, COOK, WRIGHT, HOOPER, MOSLEY, FARRELL -- Multi-Spon- sored by -- M. of A. BRENNAN, BROOK-KRASNY, MARKEY, PERRY, WEINSTEIN -- read once and referred to the Committee on Housing AN ACT to amend the emergency tenant protection act of nineteen seven- ty-four and the administrative code of the city of New York, in relation to prohibiting a county rent guidelines board from establish- ing rent adjustments for class A dwelling units based on certain considerations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. The opening paragraph of subdivision b of section 4 of 2 section 4 of chapter 576 of the laws of 1974, constituting the emergency 3 tenant protection act of nineteen seventy-four, as amended by chapter 4 403 of the laws of 1983, is amended to read as follows: 5 A county rent guidelines board shall establish annually guidelines for 6 rent adjustments which, at its sole discretion may be varied and differ- 7 ent for and within the several zones and jurisdictions of the board, and 8 in determining whether rents for housing accommodations as to which an 9 emergency has been declared pursuant to this act shall be adjusted, 10 shall consider among other things (1) the economic condition of the 11 residential real estate industry in the affected area including such 12 factors as the prevailing and projected (i) real estate taxes and sewer 13 and water rates, (ii) gross operating maintenance costs (including 14 insurance rates, governmental fees, cost of fuel and labor costs), (iii) 15 costs and availability of financing (including effective rates of inter- 16 est), (iv) over-all supply of housing accommodations and over-all vacan- 17 cy rates, (2) relevant data from the current and projected cost of 18 living indices for the affected area, (3) such other data as may be made 19 available to it. As soon as practicable after its creation and thereaft- 20 er not later than July first of each year, a rent guidelines board shall EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01897-01-5 A. 1950 2 1 file with the state division of housing and community renewal its find- 2 ings for the preceding calendar year, and shall accompany such findings 3 with a statement of the maximum rate or rates of rent adjustment, if 4 any, for one or more classes of accommodation subject to this act, 5 authorized for leases or other rental agreements commencing during the 6 next succeeding twelve months. The standards for rent adjustments may be 7 applicable for the entire county or may be varied according to such 8 zones or jurisdictions within such county as the board finds necessary 9 to achieve the purposes of this subdivision. A COUNTY RENT GUIDELINES 10 BOARD SHALL NOT ESTABLISH ANNUAL GUIDELINES FOR RENT ADJUSTMENTS BASED 11 ON THE CURRENT RENTAL COST OF A UNIT OR ON THE AMOUNT OF TIME THAT HAS 12 ELAPSED SINCE ANOTHER RENT INCREASE WAS AUTHORIZED PURSUANT TO THIS 13 CHAPTER. 14 S 2. Subdivision b of section 26-510 of the administrative code of 15 the city of New York is amended to read as follows: 16 b. The rent guidelines board shall establish annually guidelines for 17 rent adjustments, and in determining whether rents for housing accommo- 18 dations subject to the emergency tenant protection act of nineteen 19 seventy-four or this law shall be adjusted shall consider, among other 20 things (1) the economic condition of the residential real estate indus- 21 try in the affected area including such factors as the prevailing and 22 projected (i) real estate taxes and sewer and water rates, (ii) gross 23 operating maintenance costs (including insurance rates, governmental 24 fees, cost of fuel and labor costs), (iii) costs and availability of 25 financing (including effective rates of interest), (iv) over-all supply 26 of housing accommodations and over-all vacancy rates, (2) relevant data 27 from the current and projected cost of living indices for the affected 28 area, (3) such other data as may be made available to it. Not later than 29 July first of each year, the rent guidelines board shall file with the 30 city clerk its findings for the preceding calendar year, and shall 31 accompany such findings with a statement of the maximum rate or rates of 32 rent adjustment, if any, for one or more classes of accommodations 33 subject to this law, authorized for leases or other rental agreements 34 commencing on the next succeeding October first or within the twelve 35 months thereafter. Such findings and statement shall be published in the 36 City Record. THE RENT GUIDELINES BOARD SHALL NOT ESTABLISH ANNUAL 37 GUIDELINES FOR RENT ADJUSTMENTS BASED ON THE CURRENT RENTAL COST OF A 38 UNIT OR ON THE AMOUNT OF TIME THAT HAS ELAPSED SINCE ANOTHER RENT 39 INCREASE WAS AUTHORIZED PURSUANT TO THIS TITLE. 40 S 3. This act shall take effect immediately; provided that the amend- 41 ments to section 4 of section 4 of chapter 576 of the laws of 1974, 42 constituting the emergency tenant protection act of nineteen seventy- 43 four, made by section one of this act, shall not affect the expiration 44 of such section and shall be deemed to expire therewith; and provided 45 further that the amendments to subdivision b of section 26-510 of the 46 administrative code of the city of New York made by section two of this 47 act, shall not affect the expiration of such subdivision and shall be 48 deemed to expire therewith.