Places limitations on initial regulated rents to not exceed the average rent for a comparable rent regulated housing accommodation.
Establishes the crime of aggravated harassment of a rent regulated tenant which occurs when an owner intentionally engages in a systematic ongoing course of conduct to induce three or more rent regulated tenants occupying different housing accommodations in two or more residential buildings to vacate such housing accommodations or if such owner commits the crime of harassment of a rent regulated tenant and was previously convicted of the same crime in the past five years.
Establishes the crime of aggravated harassment of a rent regulated tenant which occurs when an owner intentionally engages in a systematic ongoing course of conduct to induce three or more rent regulated tenants occupying different housing accommodations in two or more residential buildings to vacate such housing accommodations or if such owner commits the crime of harassment of a rent regulated tenant and was previously convicted of the same crime in the past five years.
Establishes income eligibility requirements that a tenant shall have income not to exceed one hundred twenty-five percent of the area median income to be eligible to occupy certain rent-regulated housing accommodations.
Prohibits surcharges on self-installed dishwashers in housing accommodations subject to rent control when the tenant pays for electric utility service.
Relates to the de-regulation of rent-stabilized housing accommodations; eliminates rent regulation for any regulated housing accommodation that becomes vacant on or after June 16, 2026; makes exceptions.
Relating to the applicability of prohibitions on municipal or county regulations on the rental or leasing of housing accommodations.
Increases penalties for owners of rent-regulated property who overcharge tenants.
Establishes a tax rebate program for rent-stabilized housing that targets buildings with individually occupied rent-stabilized apartments where the property tax burden significantly exceeds rental income.
Establishes the small rental housing development initiative to provide funding to eligible applicants to construct small rental housing developments in eligible areas.