New York S04659 allows cities with over one million residents to declare a housing emergency if vacancy rates are 5% or less, and other cities.

New York S04659, the "rent emergency stabilization for tenants act," modifies the Emergency Tenant Protection Act of 1974. It allows cities with a population of one million or more to declare a housing emergency if the vacancy rate for any class of housing accommodations is not over 5%. Such cities can also declare an emergency for all housing accommodations if the vacancy rate is 5% or less. Other cities, towns, and villages can declare a housing emergency after considering publicly available data and holding public hearings.

New York S04659 allows cities with over one million residents to declare a housing emergency if vacancy rates are 5% or less, and other cities.

New York S04659, the "rent emergency stabilization for tenants act," modifies the Emergency Tenant Protection Act of 1974. It allows cities with a population of one million or more to declare a housing emergency if the vacancy rate for any class of housing accommodations is not over 5%. Such cities can also declare an emergency for all housing accommodations if the vacancy rate is 5% or less. Other cities, towns, and villages can declare a housing emergency after considering publicly available data and holding public hearings.