Bill > S10504

This bill requires the Division of Housing and Community Renewal (DHCR), a state agency responsible for housing matters, to make the results of its annual audits of approved applications for temporary major capital improvement (MCI) increases publicly available on its website. MCI increases are adjustments to rent that landlords can apply for to recoup costs for significant building improvements. The bill mandates that the DHCR not only publish these audit results annually but also ensure they are prominently displayed on its website, thereby increasing transparency regarding how these rent increases are approved and audited.