New York City Council Header
File #: Int 0941-2015    Version: * Name: HPD to conduct periodic studies of rent stabilized housing accommodations.
Type: Introduction Status: Filed (End of Session)
Committee: Committee on Housing and Buildings
On agenda: 9/30/2015
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to requiring the department of housing preservation and development to conduct periodic studies of rent stabilized housing accommodations and to develop a program to incentivize owners to keep such accommodations rent stabilized for an extended period of time
Sponsors: Ydanis A. Rodriguez, Margaret S. Chin, Vincent J. Gentile, Deborah L. Rose
Council Member Sponsors: 4
Summary: This bill would require the Department of Housing Preservation and Development to conduct periodic studies of rent stabilized housing accommodations and to develop a program to incentivize owners to keep such accommodations rent stabilized for an extended period of time.
Attachments: 1. Summary of Int. No. 941, 2. September 30, 2015 - Stated Meeting Agenda with Links to Files
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
12/31/2017*Ydanis A. Rodriguez City Council Filed (End of Session)  Action details Meeting details Not available
9/30/2015*Ydanis A. Rodriguez City Council Referred to Comm by Council  Action details Meeting details Not available
9/30/2015*Ydanis A. Rodriguez City Council Introduced by Council  Action details Meeting details Not available

Int. No. 941

 

By Council Members Rodriguez, Chin, Gentile and Rose

 

A Local Law to amend the administrative code of the city of New York, in relation to requiring the department of housing preservation and development to conduct periodic studies of rent stabilized housing accommodations and to develop a program to incentivize owners to keep such accommodations rent stabilized for an extended period of time

 

Be it enacted by the Council as follows:

 

                     Section 1. Chapter 4 of title 26 of the administrative code of the city of New York is amended by adding a new section 26-520.1 to read as follows:

                     § 26-520.1 Periodic study and plan to incentivize owners of rent stabilized housing accommodations to keep such accommodations stabilized for an extended period of time. a. As used in this section, the term “rent stabilized housing accommodations” means housing accommodations that are subject to the rent stabilization law of 1969.

                     b. The department of housing preservation and development shall conduct periodic studies of rent stabilized housing accommodations as required by this section. Each such study shall evaluate the stock of rent stabilized housing accommodations located within the city, including, but not limited to, the number of housing accommodations that ceased to be rent stabilized housing accommodations within the five years preceding the date on which submission of the findings of such study is due under subdivision c of this section, disaggregated by the reasons for which such accommodations ceased to be subject to the rent stabilization law of 1969 and the number of housing accommodations that have become rent stabilized housing accommodations within the five years preceding the date on which submission of the findings of such study is due under subdivision c of this section, and shall include a plan to encourage, through the use of financial incentives or otherwise, owners of rent stabilized housing accommodations that have ceased to be subject to the rent stabilization law of 1969 to keep such accommodations affordable for an extended period of time. In addition, the study may include recommendations for legislation, policy, budget initiatives and other measures the city can take, either acting alone or in collaboration with other organizations or governmental entities, to prevent or lessen the loss of rent stabilized housing accommodations.

                     c. By no later than June 1, 2016, the department of housing preservation and development shall submit the findings of the first such study to the mayor and the council. For each subsequent study, such department shall submit the findings thereof to the mayor and the council in the sixth month preceding the expiration date of the rent stabilization law of 1969 as set forth in section 26-520.

                           § 2. This local law takes effect immediately.

 

EAA/GP

LS# 3939

5/20/15 2:20PM