Establishes criteria for the rent guidelines board to use for determining annual rent adjustments in New York City.

The bill amends the administrative code of the city of New York to establish criteria for the rent guidelines board to use for determining annual rent adjustments. It requires the board to include real property income and expense data from the Department of Finance and limits eligibility for hardship rent increases to property owners with a maximum of twenty units, excluding large real estate investors and companies.

Establishes criteria for the rent guidelines board to use for determining annual rent adjustments in New York City.

The bill amends the administrative code of the city of New York to establish criteria for the rent guidelines board to use for determining annual rent adjustments. It requires the board to include real property income and expense data from the Department of Finance and limits eligibility for hardship rent increases to property owners with a maximum of twenty units, excluding large real estate investors and companies.