Bill > S03569

This bill amends the public housing law to require that housing agencies establish regulations allowing prospective tenants of rent-controlled or rent-stabilized housing to request and receive a complete rent history for a specific housing unit. A prospective tenant is defined as someone who has made a good faith deposit with the intention of leasing the unit. The rent history must include records dating back to 1974 and applies to housing protected under various emergency tenant protection laws, including the Emergency Tenant Protection Act of 1974 and the Administrative Code of the City of New York. The purpose of this bill appears to be increasing transparency in the rental market by giving potential renters access to comprehensive historical rent information for a specific unit, which could help them understand past rental rates and potential increases. The bill would take effect immediately upon passage.