New York A01414 amends the private housing finance law to set adjusted rents for rehabilitated rent control and rent stabilized units.

New York A01414 amends the private housing finance law to establish that rehabilitated rent control and rent stabilized units have adjusted rents determined in accordance with such programs. The bill specifies that upon the rehabilitation of an existing multiple dwelling, the adjusted rent shall be established pursuant to the emergency housing rent control law, the local emergency housing rent control act, the rent stabilization law of 1969, or any local law enacted pursuant thereto. The bill takes effect immediately.

New York A01414 amends the private housing finance law to set adjusted rents for rehabilitated rent control and rent stabilized units.

New York A01414 amends the private housing finance law to establish that rehabilitated rent control and rent stabilized units have adjusted rents determined in accordance with such programs. The bill specifies that upon the rehabilitation of an existing multiple dwelling, the adjusted rent shall be established pursuant to the emergency housing rent control law, the local emergency housing rent control act, the rent stabilization law of 1969, or any local law enacted pursuant thereto. The bill takes effect immediately.