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

This bill directs New York City's rent guidelines board to use specific criteria when setting annual rent adjustments for rental properties. It requires the board to assess properties of all sizes, categorize owners by scale based on unit count, rent, and income, and publicly disclose the data sources used for decisions. Additionally, it restricts hardship rent increases to property owners with twenty or fewer units and bars limited liability companies and large real estate investors from receiving such increases. These changes aim to standardize how rent adjustments are calculated and limit financial relief to smaller landlords. The bill takes effect immediately but expires when the original section of the administrative code it amends does.