Provides retroactivity to the original date of eligibility for the senior citizens rent increase exemption (SCRIE) and disability rent increase exemption (DRIE).
Relates to unlawful tenancies under the emergency tenant protection act of 1974; prohibits owners from entering or renewing leases where such owner has reason to know that such tenant will not occupy the housing accommodation as the tenant's primary residence.
Prohibits unfair residential real estate service agreements which are certain service agreements which are not to be performed within two years following the time such agreement is entered into.
S 1077, the New York City Arts Space Act, creates tax benefits for property owners who rent affordable arts spaces to eligible organizations. It directly affects NYC-based nonprofit arts organizations (with 501(c)(3) status) and property owners of qualifying apartment buildings. The bill provides reduced property taxes based on how much below $20 per square foot the rent is charged - e.g., renting at $15/sq ft earns a 5% tax benefit increase. Property owners must maintain rents at or below $20/sq ft (with annual adjustments ≤3%), ensure spaces meet city occupancy standards, and provide tenant improvements ($50-$100/sq ft) to qualify for full tax exemptions in early years.
Relates to tax abatement for rent-controlled and rent regulated property occupied by and real property owned by senior citizens or persons with disabilities.
S 2433 establishes protections for residents and cooperatives when ground leases for apartment buildings expire. It requires cooperatives to dissolve properly within 10 days of lease expiration and automatically grants residents tenant status under New York's rent laws, ensuring their housing remains regulated. The bill also gives the cooperative a 120-day right to purchase the underlying land if the landowner sells, with specific notice and timing requirements for both parties. These changes directly affect ground lease residential co-ops and their residents in New York, ensuring continuity of housing and rent protections upon lease termination.
Authorizes application of the property tax abatement for rent-controlled or rent regulated properties occupied by senior citizens or disabled persons, to those units occupied by tenants paying the maximum allowable rent when such rent exceeds 1/2 of the household income; provides for state payments to cities affected thereby equal to 10% of lost real property tax revenue.
Bill S 6761 changes how the area median income (AMI) is calculated for new affordable housing programs in New York City. For these programs, the AMI will be determined by using the lower figure between the AMI of the specific zip code where the program is located and the AMI of the broader region. This new calculation method will directly affect how eligibility and rent levels are set for future affordable housing projects within NYC.
Requires the chief administrator of the office of court administration to establish a searchable public database providing information regarding eviction proceedings in the state; directs the chief administrator to adopt rules directing village, town or other local courts to report their eviction proceeding data to the office of court administration.
Requires, in cities having a population of one million or more, supportive housing be disbursed throughout the boroughs of such city in proportion to the borough population.
