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Bill > S06900


NY S06900

NY S06900
Repeals provisions relating to the establishment of maximum base rents using the maximum gross building rental formula.


summary

Introduced
05/15/2023
In Committee
01/03/2024
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to repeal paragraphs 3 and 4 of subdivision a of section 26-405 of the administrative code of the city of New York, relating to the establishment of maximum base rents using the maximum gross building rental formula

AI Summary

This bill repeals paragraphs 3 and 4 of subdivision a of section 26-405 of the New York City Administrative Code, which relate to the establishment of maximum base rents using the maximum gross building rental formula. This change eliminates the requirement for the city to use that specific formula to set maximum base rents for rent-regulated housing in New York City.

Committee Categories

Housing and Urban Affairs

Sponsors (2)

Last Action

COMMITTED TO RULES (on 06/07/2024)

Bill Topics

Community Development and Housing Issues
  • ‐ Housing and Community Development for Low and Middle Income Persons

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