Bill > A06170

This bill requires that if rent-stabilized housing is lost or destroyed due to fire, natural disaster, act of God, act of war, or eminent domain, the property owner must replace the housing accommodation in any subsequent construction on the same parcel. The replacement housing must be substantially similar to the original housing and remain subject to the same rent stabilization provisions, with an initial maximum rent equal to the maximum rent of the lost housing. The bill amends three different legal frameworks - the emergency housing rent control law, the emergency tenant protection act, and the administrative code of New York City - to ensure consistent application of this replacement requirement across different types of rent-stabilized housing. The legislation aims to protect tenants by guaranteeing that the total number of rent-stabilized units in a given area remains stable, even after a property is destroyed. The bill will take effect 90 days after becoming law, with some specific provisions tied to the continuation of the public emergency requiring residential rent regulation.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A6170