Bill > A02286

This bill repeals two specific paragraphs (paragraphs 3 and 4) within subdivision a of section 26-405 of the New York City administrative code, which relate to the calculation of maximum base rents using the maximum gross building rental formula. In the context of housing and rent regulation, maximum base rent is a method used to determine the allowable rent for certain regulated housing units, typically in older buildings. By removing these paragraphs, the bill appears to be eliminating a specific method or set of guidelines for establishing rental rates. The bill would take effect immediately upon passage, which means the changes to the rent calculation method would be implemented right away. While the bill's text does not provide detailed information about the specific contents of the paragraphs being repealed, it suggests a modification to how maximum base rents are determined in New York City's housing regulations.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A2286