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Key Votes

A 2674 - Rent Regulation - Key Vote

New York Key Votes

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Stage Details

Legislation - Referred to Committee (Senate) -
Legislation - Bill Passed (House) (92-54) - (Key vote)

Title: Rent Regulation

Vote Smart's Synopsis:

Vote to pass a bill that amends existing statutes concerning rent regulation.

Highlights:
-Reduces the authorized rent increase for a vacancy lease from 20 percent of the previous rent to 10 percent of the previous rent (Part B). -Limits the number of rent increases that can be applied to vacancy leases to 1 increase per year, regardless of the number of vacancy leases (Part B). -Reduces the amount that landlords may charge tenants for modifications involving a substantial increase or decrease in dwelling space, or a change in the services or furniture provided in the housing accommodations, from one-fortieth of the cost of the modifications to one-sixtieth of the cost of the modifications, including installation fees but excluding finance charges (Part F). -Authorizes the State Division of Housing and Community Renewal to issue an order exempting a housing unit from the provisions of this act, provided that both of the following are true (Part L):
    -The total combined annual income of the tenant and co-tenants exceeds the income threshold for high income rent deregulation; and -The monthly rent for the housing unit exceeds the rent threshold for high income rent deregulation.
-Increases the income threshold for high income rent deregulation from $175,000 per year to $300,000 per year (Part L). -Increases the rent threshold for high income rent deregulation from $2,000 to $3,000 per month (Part L). -Limits the number of housing units that a landlord may repossess for personal use to no more than 1 housing unit for use as the landlord's primary residence, or as a residence for an immediate family member, and specifies that the reason for repossession must be of "immediate and compelling necessity" (Part A). -Prohibits the repossession of a housing unit in the following situations (Part A):
    - The tenant or spouse of the tenant is 62 years of age or older; - The tenant has been a tenant in the housing unit for 20 years or more; or - The tenant has an impairment resulting from an anatomical, physiological, or psychological condition which would prevent the tenant from engaging in any gainful employment.
-Specifies that federally-subsidized housing is subject to the same rent regulations as non-subsidized housing, whereas existing law exempted subsidized housing from rent regulations (Part C). -Extends the expiration date for rent regulations from June 2011 to June 2016 (Part E).
See The Voting Record

Legislation - Introduced (House) -

Title: Rent Regulation

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