Requires the rent guidelines board to take other sources of income received by landlords from commercial rents and unregulated residential units into account when establishing annual calculations.
Requires the board of directors of a cooperative apartment corporation to notify applicants seeking to purchase shares of the corporation of the reason or reasons the board of directors has refused such request.
Grants the commissioner of buildings of New York city the power to waive provisions of the multiple dwelling law with regard to construction or alteration of multiple dwellings.
Prohibits landlords from including incorrect information relating to rent decontrol in certain leases and renewals thereof; imposes a violation punishable by a fine of $1000 for a violation by a landlord; requires the standardization of certain notices pertaining to units subject to the Affordable New York Housing Program.
Provides for the regulation of short-term rental units; authorizes short-term rental units; requires short-term rental hosts to register each unit with the division of housing and community renewal.
Allows tenants the right to offset rent with payments made for the repair or service maintenance of an oil fired or other heating device where reasonable efforts were made to notify the landlord of the heating failure, the agency used is reasonably engaged in the business of making such repairs and an itemized bill for such service is provided.
Amends the low income housing tax credit eligibility requirement to at least sixty percent of residential units be both rent-restricted and occupied by individuals whose income is one hundred twenty-five percent or less of area median gross income.
Relates to requirements for certain contracts for materials, supplies, or services under $50,000; assures the prudent and economical use of public moneys in the best interests of the taxpayers; requires an authority in the city of New York to develop a procurement corruption prevention training program; makes related provisions.
Directs the commissioner of housing and community renewal to require housing quality standards inspections of Section 8 housing when a tenant moves out or vacates.