Allows senior citizens to continue rent increase exemption benefits after a temporary income increase.
This bill amends the administrative code of New York City to allow senior citizens who temporarily lost eligibility for rent increase exemption benefits due to a head of household's temporary income increase to resume receiving these benefits. The exemption applies to a period not exceeding two years. The bill specifies that the exemption covers the portion of the maximum rent that exceeds the last rent paid before the income increase.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.