File #: Res 0623-2015    Version: * Name: Provide rent control tenants relief from high rent increases. (A.398)
Type: Resolution Status: Adopted
Committee: Committee on Housing and Buildings
On agenda: 3/11/2015
Enactment date: Law number:
Title: Resolution calling upon the New York State Legislature to pass and the Governor to sign A.398, which will provide rent control tenants relief from high rent increases.
Sponsors: Helen K. Rosenthal, Jumaane D. Williams, Margaret S. Chin, Brad S. Lander, Stephen T. Levin, Mark Levine, Ydanis A. Rodriguez, Carlos Menchaca
Attachments: 1. Committee Report 3/2/15, 2. Hearing Testimony 3/2/15, 3. Hearing Transcript 3/2/15, 4. Committee Report 3/10/15, 5. Hearing Transcript 3/10/15, 6. Committee Report - Stated Meeting, 7. March 11, 2015 - Stated Meeting Agenda with Links to Files, 8. Hearing Transcript - Stated Meeting 3-11-15, 9. Minutes of the Stated Meeting - March 11, 2015
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
3/11/2015*Helen K. Rosenthal City Council Approved, by CouncilPass Action details Meeting details Not available
3/11/2015*Helen K. Rosenthal City Council Referred to Comm by Council  Action details Meeting details Not available
3/11/2015*Helen K. Rosenthal City Council Introduced by Council  Action details Meeting details Not available
3/10/2015*Helen K. Rosenthal Committee on Housing and Buildings Hearing on P-C Item by Comm  Action details Meeting details Not available
3/10/2015*Helen K. Rosenthal Committee on Housing and Buildings P-C Item Approved by CommPass Action details Meeting details Not available
3/2/2015*Helen K. Rosenthal Committee on Housing and Buildings Hearing on P-C Item by Comm  Action details Meeting details Not available
3/2/2015*Helen K. Rosenthal Committee on Housing and Buildings P-C Item Laid Over by Comm  Action details Meeting details Not available
Preconsidered Res. No. 623
 
 
Resolution calling upon the New York State Legislature to pass and the Governor to sign A.398, which will provide rent control tenants relief from high rent increases.
 
 
By Council Members Rosenthal, Williams, Chin, Lander, Levin, Levine, Rodriguez and Menchaca
 
      Whereas, New York State Homes and Community Renewal (HCR) administers the State's rent regulation programs, rent control and rent stabilization, that limit rent increases and provide tenants with eviction protection in privately owned buildings; and
      Whereas, The 2014 Housing and Vacancy Survey indicates that there are 27,000 rent-controlled units in New York City; and      
      Whereas, In New York City, the Rent Guidelines Board (RGB) establishes a Maximum Base Rent (MBR) for each rent controlled apartment; and
      Whereas, Every two years, the MBR is updated to reflect changes to the costs of operating a building; and
      Whereas,  An owner may increase the maximum collectable rent as high as 7.5 percent each year until the rent reaches the MBR; and
      Whereas, A.398, pending before the New York State Legislature and sponsored by Assembly Member Rosenthal, would require HCR to cap the rent percentage increase an owner may charge a tenant in a rent-controlled apartment at the lesser of 7.5 percent or an average of the previous five years of one-year rent increases as established by the New York City Rent Guidelines Board; and
      Whereas, RGB conducts an annual study that includes the most recent statistics on tenant income, economic trends, owner revenue, owner costs, and other changes in the housing supply to determine rent increases; and
      Whereas, The factors used by RGB to determine rent increases is more comprehensive than the factors used to determine the Maximum Base Rent; now, therefore, be it
      Resolved, That the Council of the City of New York calls upon New York State Legislature to pass and the Governor to sign A.398, which will provide rent control tenants relief from high rent increases.
 
LS# 3047 and LS# 4181
3/5/2015
11:26a
JLC