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A07527Introduced in the Assembly

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.

IntroducedAssembly Housing

Introduced by Michael Fitzpatrick, District 8

What does this bill do?

Plain-English breakdown

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Official description

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.

Where it stands

referred to housing

January 7, 2026

How did lawmakers vote?

No recorded vote is available for this bill yet.

What do people think?

Citizen Voice

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Bill history

  1. referred to housing

  2. referred to housing

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