New York S07586 prohibits rent increases by limited-profit housing companies unless violations are cleared and essential services maintained.

New York S07586 amends the private housing finance law to prohibit any increase in the average monthly rental of a property by a limited-profit housing company unless the appropriate local housing agency certifies that there are no recorded violations against the property or that all violations have been cleared, corrected, or abated. Additionally, the company must certify that it is maintaining all essential services required to be furnished. This law aims to ensure that housing conditions are safe and that essential services are provided before any rent increases are allowed.

New York S07586 prohibits rent increases by limited-profit housing companies unless violations are cleared and essential services maintained.

New York S07586 amends the private housing finance law to prohibit any increase in the average monthly rental of a property by a limited-profit housing company unless the appropriate local housing agency certifies that there are no recorded violations against the property or that all violations have been cleared, corrected, or abated. Additionally, the company must certify that it is maintaining all essential services required to be furnished. This law aims to ensure that housing conditions are safe and that essential services are provided before any rent increases are allowed.