New York S 1656: Relates to adding two more members to the Niagara Frontier transportation authority

Bill Text

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S01656 Summary:

BILL NOS01656 

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SAME ASNo Same As

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SPONSORBAILEY

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COSPNSRSEPULVEDA

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MLTSPNSR

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Amd §§26-405 & 26-511, NYC Ad Cd; amd §6, Emerg Ten Prot Act of 1974; amd §4, Emerg Hous Rent Cont L

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Approves major capital improvement rent increases and extends the length of time over which major capital improvement expenses may be recovered.

Go to top S01656 Actions:

BILL NOS01656 

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01/13/2025REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

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

Go to topS01656 Committee&nbspVotes:

Go to topS01656 Floor&nbspVotes:

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

Go to topS01656 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1656

 2025-2026 Regular Sessions

 IN SENATE

 January 13, 2025
 ___________

 Introduced by Sens. BAILEY, SEPULVEDA -- 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 approving major capital
 improvement rent increases and extending the length of time over which
 major capital improvement expenses may be recovered

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

 1 Section 1. Subparagraph (g) of paragraph 1 of subdivision g of section
 2 26-405 of the administrative code of the city of New York, as amended by
 3 section 27 of part Q of chapter 39 of the laws of 2019, is amended to
 4 read as follows:
 5 (g) (i) Collection of surcharges to the maximum rent authorized pursu-
 6 ant to item (ii) of this subparagraph shall cease when the owner has
 7 recovered the cost of the major capital improvement;
 8 (ii) There has been since July first, nineteen hundred seventy, a
 9 major capital improvement [essential for the preservation energy effi-
 10 ciency, functionality, or infrastructure of the entire building,
 11 improvement of the structure including heating, windows, plumbing and
 12 roofing but shall not be for operational costs or unnecessary cosmetic
 13 improvements. The temporary increase based upon a major capital improve-
 14 ment under this subparagraph for any order of the commissioner issued
 15 after the effective date of the chapter of the laws of two thousand
 16 nineteen that amended this subparagraph shall be in an amount sufficient
 17 to amortize the cost of the improvements pursuant to this subparagraph
 18 (g) over a twelve-year period for buildings with thirty-five or fewer
 19 units or a twelve and one-half year period for buildings with more than
 20 thirty-five units, and shall be removed from the legal regulated rent
 21 thirty years from the date the increase became effective inclusive of

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04678-01-5

 S. 1656 2

 1 any increases granted by the applicable rent guidelines board. Temporary
 2 major capital improvement increases shall be collectible prospectively
 3 on the first day of the first month beginning sixty days from the date
 4 of mailing notice of approval to the tenant. Such notice shall disclose
 5 the total monthly increase in rent and the first month in which the
 6 tenant would be required to pay the temporary increase. An approval for
 7 a temporary major capital improvement increase shall not include retro-
 8 active payments. The collection of any increase shall not exceed two
 9 percent in any year from the effective date of the order granting the
 10 increase over the rent set forth in the schedule of gross rents, with
 11 collectability of any dollar excess above said sum to be spread forward
 12 in similar increments and added to the rent as established or set in
 13 future years. Upon vacancy, the landlord may add any remaining balance
 14 of the temporary major capital improvement increase to the legal regu-
 15 lated rent. Notwithstanding any other provision of the law, for any
 16 renewal lease commencing on or after June 14, 2019, the collection of