Establishes income eligibility requirements for rent-regulated housing accommodations in New York City.

The bill sets income eligibility requirements for tenants in rent-regulated housing accommodations in New York City. Tenants must have an income not exceeding 125% of the area median income to be eligible. Those whose income exceeds this threshold are ineligible to occupy such housing. The bill also provides exemptions from eviction and civil penalties for certain tenants under specific conditions. The provisions apply to the Emergency Tenant Protection Act of 1974, the Emergency Housing Rent Control Law, and the administrative code of the city of New York.

Establishes income eligibility requirements for rent-regulated housing accommodations in New York City.

The bill sets income eligibility requirements for tenants in rent-regulated housing accommodations in New York City. Tenants must have an income not exceeding 125% of the area median income to be eligible. Those whose income exceeds this threshold are ineligible to occupy such housing. The bill also provides exemptions from eviction and civil penalties for certain tenants under specific conditions. The provisions apply to the Emergency Tenant Protection Act of 1974, the Emergency Housing Rent Control Law, and the administrative code of the city of New York.