Prohibits individuals owning or managing more than four rental units in New York from serving on rent guidelines boards.

The bill amends the Emergency Tenant Protection Act of 1974 to restrict individuals owning or managing more than four rental units in New York from serving as public members on rent guidelines boards. These boards consist of nine members, including representatives of tenants, owners, and public members with experience in finance, economics, or housing. The public members must have at least five years of relevant experience. The bill also outlines the compensation and terms of service for board members, with the chair receiving higher compensation.

Prohibits individuals owning or managing more than four rental units in New York from serving on rent guidelines boards.

The bill amends the Emergency Tenant Protection Act of 1974 to restrict individuals owning or managing more than four rental units in New York from serving as public members on rent guidelines boards. These boards consist of nine members, including representatives of tenants, owners, and public members with experience in finance, economics, or housing. The public members must have at least five years of relevant experience. The bill also outlines the compensation and terms of service for board members, with the chair receiving higher compensation.