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S10504 Summary:

BILL NOS10504
 
SAME ASSAME AS A00795
 
SPONSORKAVANAGH
 
COSPNSR
 
MLTSPNSR
 
Amd §§26-405.1 & 26-511.1, NYC Ad Cd; amd §10-b, Emerg Ten Prot Act of 1974; amd §8-a, Emerg Hous Rent Cont L
 
Requires the division of housing and community renewal to publish the results of annual audits of approved applications for temporary major capital improvement increases on its website annually.
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S10504 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10504
 
                    IN SENATE
 
                                      May 15, 2026
                                       ___________
 
        Introduced  by Sen. KAVANAGH -- read twice and ordered printed, and when
          printed to be committed to the Committee on Housing, Construction  and
          Community Development
 
        AN  ACT  to  amend  the administrative code of the city of New York, the
          emergency tenant protection act of nineteen seventy-four and the emer-
          gency housing rent control law, in relation to requiring the  division
          of  housing  and  community  renewal  to publish the results of annual
          audits of approved applications for temporary major  capital  improve-
          ment increases on its website annually
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Subdivision b of section  26-405.1  of  the  administrative
     2  code of the city of New York, as added by section 5 of part K of chapter
     3  36 of the laws of 2019, is amended to read as follows:
     4    b. The division shall establish an annual inspection and audit process
     5  which  shall  review twenty-five percent of applications for a temporary
     6  major  capital  improvement  increase  that  have  been  submitted   and
     7  approved. Such process shall include individual inspections and document
     8  review to ensure that owners complied with all obligations and responsi-
     9  bilities   under   the  law  for  temporary  major  capital  improvement
    10  increases. Inspections shall include in-person  confirmation  that  such
    11  improvements  have been completed in such way as described in the appli-
    12  cation. The division shall conspicuously make available on  its  website
    13  the results of every annual audit conducted pursuant to this subdivision
    14  and shall publish new audit results on its website annually.
    15    §  2.  Subdivision b of section 26-511.1 of the administrative code of
    16  the city of New York, as added by section 4 of part K of chapter  36  of
    17  the laws of 2019, is amended to read as follows:
    18    b. The division shall establish an annual inspection and audit process
    19  which  shall  review twenty-five percent of applications for a temporary
    20  major  capital  improvement  increase  that  have  been  submitted   and
    21  approved. Such process shall include individual inspections and document
    22  review to ensure that owners complied with all obligations and responsi-
    23  bilities   under   the  law  for  temporary  major  capital  improvement
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02496-01-5

        S. 10504                            2
 
     1  increases. Inspections shall include in-person  confirmation  that  such
     2  improvements  have been completed in such way as described in the appli-
     3  cation. The division shall conspicuously make available on  its  website
     4  the results of every annual audit conducted pursuant to this subdivision
     5  and shall publish new audit results on its website annually.
     6    §  3.  Subdivision  (b) of section 10-b of section 4 of chapter 576 of
     7  the laws of 1974, constituting the emergency tenant  protection  act  of
     8  nineteen  seventy-four, as added by section 6 of part K of chapter 36 of
     9  the laws of 2019, is amended to read as follows:
    10    (b) The division shall establish an annual inspection and audit  proc-
    11  ess  which shall review twenty-five percent of applications for a tempo-
    12  rary major capital improvement increase that  have  been  submitted  and
    13  approved. Such process shall include individual inspections and document
    14  review to ensure that owners complied with all obligations and responsi-
    15  bilities   under   the  law  for  temporary  major  capital  improvement
    16  increases. Inspections shall include in-person  confirmation  that  such
    17  improvements  have been completed in such way as described in the appli-
    18  cation.  The division shall conspicuously make available on its  website
    19  the results of every annual audit conducted pursuant to this subdivision
    20  and shall publish new audit results on its website annually.
    21    §  4. Subdivision 2 of section 8-a of chapter 274 of the laws of 1946,
    22  constituting the emergency housing rent control law, as added by section
    23  7 of part K of chapter 36 of the laws of 2019, is  amended  to  read  as
    24  follows:
    25    2. The division shall establish an annual inspection and audit process
    26  which  shall  review twenty-five percent of applications for a temporary
    27  major  capital  improvement  increase  that  have  been  submitted   and
    28  approved. Such process shall include individual inspections and document
    29  review to ensure that owners complied with all obligations and responsi-
    30  bilities   under   the  law  for  temporary  major  capital  improvement
    31  increases.  Inspections shall include in-person confirmation  that  such
    32  improvements  have been completed in such way as described in the appli-
    33  cation.  The division shall conspicuously make available on its  website
    34  the results of every annual audit conducted pursuant to this subdivision
    35  and shall publish new audit results on its website annually.
    36    §  5. This act shall take effect immediately; provided that the amend-
    37  ments to section 26-405.1 of the city rent and rehabilitation  law  made
    38  by section one of this act shall remain in full force and effect only as
    39  long  as  the  public  emergency requiring the regulation and control of
    40  residential rents and evictions continues, as provided in subdivision  3
    41  of  section  1  of  the  local  emergency  housing rent control act; and
    42  provided that the amendments to section 26-511.1 of chapter 4  of  title
    43  26  of  the  administrative code of the city of New York made by section
    44  two of this act shall expire on the same date as such  law  expires  and
    45  shall  not  affect  the expiration of such law as provided under section
    46  26-520 of such law.
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