Establishes a pilot program allowing housing owners to charge rent up to the maximum set by rental assistance programs, subject to reasonableness.

The bill establishes the rental assistance payment standard pilot program in New York. It allows owners of housing accommodations to charge and collect rent up to the maximum amount prescribed by a rental assistance program for similar housing, subject to rent reasonableness calculations. This applies to housing accommodations registered as vacant in 2025 and rented to tenants with housing vouchers under federal, state, or local programs. The program expires on June 15, 2027, unless extended.

Establishes a pilot program allowing housing owners to charge rent up to the maximum set by rental assistance programs, subject to reasonableness.

The bill establishes the rental assistance payment standard pilot program in New York. It allows owners of housing accommodations to charge and collect rent up to the maximum amount prescribed by a rental assistance program for similar housing, subject to rent reasonableness calculations. This applies to housing accommodations registered as vacant in 2025 and rented to tenants with housing vouchers under federal, state, or local programs. The program expires on June 15, 2027, unless extended.