· NY legislature · 2025-2026

Provides an alternative hardship allowance based on 8 1/2% of assessed value

Provides for an alternative hardship allowance for landlords in New York city rent controlled apartments which allows a hardship rent increase where a building's annual net income is less than 8.5 percent of the equalized assessed value.

Sponsor

Mike Fitzpatrick (R-NY)

Introduced

2025-04-01

Policy area

Housing and Community Development

Latest action

REFERRED TO HOUSING