Bill > S01642

This bill requires that rent-stabilized housing accommodations lost or destroyed due to fire, natural disaster, act of God, act of war, or eminent domain must be replaced in any subsequent construction on the same parcel. The bill amends multiple sections of New York housing laws, including the Emergency Housing Rent Control Law, the Emergency Tenant Protection Act, and the New York City Administrative Code. Specifically, it mandates that the replacement housing must be substantially similar to the original housing accommodation and subject to the same rent stabilization provisions, with an initial maximum rent equal to the maximum rent of the lost housing. The bill aims to protect tenants by ensuring that rent-stabilized units are not permanently lost due to destructive events, thereby maintaining the availability of affordable housing. The legislation will take effect 90 days after becoming law, with certain provisions tied to the continuation of the public emergency requiring residential rent and eviction regulations.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/S1642