Bill > S02451

This bill modifies the Senior Citizens Rent Increase Exemption (SCRIE) and Disability Rent Increase Exemption (DRIE) programs to establish a maximum rent of one-third of a household's total income for eligible seniors and people with disabilities in New York City. Specifically, the bill amends existing laws to provide a tax abatement certificate to qualifying households where their rent exceeds one-third of their combined household income. Under the new provisions, landlords will be prohibited from collecting rent that is higher than one-third of the aggregate disposable income of the household. The bill applies to individuals who do not receive a monthly shelter allowance through social services and provides a mechanism for these households to receive a tax certificate that effectively reduces their rent to the one-third income threshold. This change aims to provide additional financial protection for seniors and people with disabilities by ensuring their housing costs remain affordable relative to their income. The bill will take effect immediately, with some specific provisions related to the administrative code expiring on the same date as the existing law.

Budget and Finance, Health and Social Services

https://www.nysenate.gov/legislation/bills/2025/S2451