New York S 2219: Establishes certain criteria for the rent guidelines board to use for purposes of determining annual rent adjustments

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S02219 Summary:

BILL NOS02219 

&nbsp

SAME ASSAME AS A10599

&nbsp

SPONSORCOMRIE

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §26-510, NYC Ad Cd

&nbsp

Establishes certain criteria for the rent guidelines board to use for purposes of determining annual rent adjustments.

Go to top S02219 Actions:

BILL NOS02219 

&nbsp

01/16/2025REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

01/07/2026REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Go to topS02219 Committee&nbspVotes:

Go to topS02219 Floor&nbspVotes:

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

Go to topS02219 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 2219

 2025-2026 Regular Sessions

 IN SENATE

 January 16, 2025
 ___________

 Introduced by Sen. COMRIE -- 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, in
 relation to establishing certain criteria for the rent guidelines
 board to use for purposes of determining annual rent adjustments

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

 1 Section 1. Section 26-510 of the administrative code of the city of
 2 New York is amended by adding a new subdivision b-1 to read as follows:
 3 b-1. For purposes of determining annual rent adjustments, the rent
 4 guidelines board shall:
 5 1. include in its assessment for rent adjustments properties of all
 6 sizes;
 7 2. create categories of property owners that reflect small, medium,
 8 and large property owners, where the size of the property owner must be
 9 determined by, and not limited to: (i) the number of total units, both
 10 rent stabilized and non-rent stabilized, per owner; (ii) gross rent; and
 11 (iii) income receipts;
 12 3. identify and publish the data source used to determine rent adjust-
 13 ments, including, but not limited to, the real property income and
 14 expense form provided by the department of finance; and
 15 4. for the purposes of hardship rent increase, limit eligibility to
 16 property owners with a maximum of twenty units, including both rent
 17 stabilized and non-rent stabilized located in New York city, and prohib-
 18 it the award of hardship rent increases to limited liability companies
 19 and other large real estate investors and companies.
 20 § 2. This act shall take effect immediately; provided that the amend-
 21 ments to section 26-510 of the administrative code of the city of New
 22 York made by section one of this act shall not affect the expiration of
 23 such section and shall be deemed to expire therewith.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04938-01-5

Go to top 

• 

 Sitemap 

 Request Information 

 Directions and Maps