New York S 1642: Relates to price gouging

Bill Text

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S01642 Summary:

BILL NOS01642 

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SAME ASSAME AS A06170

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SPONSORCLEARE

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COSPNSR

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MLTSPNSR

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Amd §4, Emerg Hous Rent Cont L; amd §5, Emerg Ten Prot Act of 1974; add §§26-418 & 26-512.1, NYC Ad Cd

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Requires rent stabilized housing accommodations lost or destroyed due to fire, natural disaster, act of God, act of war or eminent domain, to be replaced in any succeeding construction on the same parcel.

Go to top S01642 Actions:

BILL NOS01642 

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

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

Go to topS01642 Committee&nbspVotes:

Go to topS01642 Floor&nbspVotes:

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

Go to topS01642 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1642

 2025-2026 Regular Sessions

 IN SENATE

 January 13, 2025
 ___________

 Introduced by Sen. CLEARE -- 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 replace-
 ment of certain rent stabilized housing accommodations

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

 1 Section 1. Section 4 of chapter 274 of the laws of 1946, constituting
 2 the emergency housing rent control law, is amended by adding a new
 3 subdivision 2-c to read as follows:
 4 2-c. Notwithstanding any provision of law to the contrary, where a
 5 housing accommodation subject to the provisions of this act is lost or
 6 destroyed due to fire, natural disaster, act of God, act of war or
 7 eminent domain, such housing accommodation shall be replaced in any
 8 succeeding construction on the same parcel. Such replacement housing
 9 accommodation shall be substantially similar to the lost housing accom-
 10 modation and shall be subject to the provisions of this act with a maxi-
 11 mum rent that is equal to the maximum rent of the lost housing accommo-
 12 dation.
 13 § 2. Section 5 of section 4 of chapter 576 of the laws of 1974,
 14 constituting the emergency tenant protection act of nineteen seventy-
 15 four, is amended by adding a new subdivision g to read as follows:
 16 g. Notwithstanding any provision of law to the contrary, where a hous-
 17 ing accommodation subject to the provisions of this act is lost or
 18 destroyed due to fire, natural disaster, act of God, act of war or
 19 eminent domain, such housing accommodation shall be replaced in any
 20 succeeding construction on the same parcel. Such replacement housing
 21 accommodation shall be substantially similar to the lost housing accom-
 22 modation and shall be subject to the provisions of this act with an

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04829-01-5

 S. 1642 2

 1 initial maximum rent that is equal to the maximum rent of the lost hous-
 2 ing accommodation.
 3 § 3. The administrative code of the city of New York is amended by
 4 adding a new section 26-418 to read as follows:
 5 § 26-418 Replacement of certain housing accommodations. Notwithstand-
 6 ing any provision of law to the contrary, where a housing accommodation
 7 subject to the provisions of this chapter is lost or destroyed due to
 8 fire, natural disaster, act of God, act of war or eminent domain, such
 9 housing accommodation shall be replaced in any succeeding construction
 10 on the same parcel. Such replacement housing accommodation shall be
 11 substantially similar to the lost housing accommodation and shall be
 12 subject to the provisions of this chapter with an initial maximum rent
 13 that is equal to the maximum rent of the lost housing accommodation.
 14 § 4. The administrative code of the city of New York is amended by
 15 adding a new section 26-512.1 to read as follows:
 16 § 26-512.1 Replacement of certain housing accommodations. Notwith-
 17 standing any provision of law to the contrary, where a housing accommo-
 18 dation subject to the provis