New York S 10504: Requires the division of housing and community renewal to publish the results of annual audits of approved applications for temporary major capital improvement increases on its website annually

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S10504 Summary:

BILL NOS10504 

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SAME ASSAME AS A00795

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SPONSORKAVANAGH

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COSPNSR

&nbsp

MLTSPNSR

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Amd §§26-405.1 & 26-511.1, NYC Ad Cd; amd §10-b, Emerg Ten Prot Act of 1974; amd §8-a, Emerg Hous Rent Cont L

&nbsp

Requires the division of housing and community renewal to publish the results of annual audits of approved applications for temporary major capital improvement increases on its website annually.

Go to top S10504 Actions:

BILL NOS10504 

&nbsp

05/15/2026REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Go to topS10504 Committee&nbspVotes:

Go to topS10504 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS10504 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10504

 IN SENATE

 May 15, 2026
 ___________

 Introduced by Sen. KAVANAGH -- read twice and ordered printed, and when
 printed to be committed to the Committee on Housing, Construction and
 Community Development

 AN ACT to amend the administrative code of the city of New York, the
 emergency tenant protection act of nineteen seventy-four and the emer-
 gency housing rent control law, in relation to requiring the division
 of housing and community renewal to publish the results of annual
 audits of approved applications for temporary major capital improve-
 ment increases on its website annually

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

 1 Section 1. Subdivision b of section 26-405.1 of the administrative
 2 code of the city of New York, as added by section 5 of part K of chapter
 3 36 of the laws of 2019, is amended to read as follows:
 4 b. The division shall establish an annual inspection and audit process
 5 which shall review twenty-five percent of applications for a temporary
 6 major capital improvement increase that have been submitted and
 7 approved. Such process shall include individual inspections and document
 8 review to ensure that owners complied with all obligations and responsi-
 9 bilities under the law for temporary major capital improvement
 10 increases. Inspections shall include in-person confirmation that such
 11 improvements have been completed in such way as described in the appli-
 12 cation. The division shall conspicuously make available on its website
 13 the results of every annual audit conducted pursuant to this subdivision
 14 and shall publish new audit results on its website annually.
 15 § 2. Subdivision b of section 26-511.1 of the administrative code of
 16 the city of New York, as added by section 4 of part K of chapter 36 of
 17 the laws of 2019, is amended to read as follows:
 18 b. The division shall establish an annual inspection and audit process
 19 which shall review twenty-five percent of applications for a temporary
 20 major capital improvement increase that have been submitted and
 21 approved. Such process shall include individual inspections and document
 22 review to ensure that owners complied with all obligations and responsi-
 23 bilities under the law for temporary major capital improvement

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02496-01-5

 S. 10504 2

 1 increases. Inspections shall include in-person confirmation that such
 2 improvements have been completed in such way as described in the appli-
 3 cation. The division shall conspicuously make available on its website
 4 the results of every annual audit conducted pursuant to this subdivision
 5 and shall publish new audit results on its website annually.
 6 § 3. Subdivision (b) of section 10-b of section 4 of chapter 576 of
 7 the laws of 1974, constituting the emergency tenant protection act of
 8 nineteen seventy-four, as added by section 6 of part K of chapter 36 of
 9 the laws of 2019, is amended to read as follows:
 10 (b) The division shall establish an annual inspection and audit proc-
 11 ess which shall review twenty-five percent of applications for a tempo-
 12 rary major capital improvement increase that have been submitted and
 13 approved. Such process shall include individual inspections and document
 14 review to ensure that owners complied with all obligations and responsi-
 15 bilities