Bill > S04659

This bill, known as the "rent emergency stabilization for tenants act," amends the Emergency Tenant Protection Act of 1974 to allow cities with a population of one million or more to declare a housing emergency if the vacancy rate for any class of housing accommodations or for all housing accommodations falls to five percent or below, and it also outlines procedures for cities with populations under one million, towns, and villages to declare a housing emergency based on various factors including vacancy rates, housing affordability, and homelessness, with specific provisions for collecting vacancy data and imposing penalties for non-compliance, and it further allows these smaller jurisdictions to include housing accommodations in buildings completed or substantially rehabilitated within the last fifteen years under rent regulation.

Budget and Finance, Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/S4659