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A07495 Memo:

submitted in accordance with Assembly Rule III, Sec 1(f)
  TITLE OF BILL: An act to amend the multiple dwelling law, in relation to the definition of a "class A multiple dwelling"   PURPOSE: To provide an exemption for primary and secondary residences that rent certain class A multiple dwelling units on a short-term basis. The law passed in 2010 (Ch. 225) was created in response to .a growing issue in New York City with single room occupancy (SRO) buildings being used as illegal hotels. This bill does not serve these types of illegal hotels, but rather helps those individuals that rent out their own units to help make ends meet and earn extra income.   SUMMARY OF PROVISIONS: Section 1 of the bill amends subdivision 8 of section 4 of the multiple dwelling law, adding an additional exemption to incidental and occa- sional occupancy of dwelling units, provided that this occupancy is in either the primary or secondary residence of the permanent occupant.   JUSTIFICATION: The 2010 law was written to address a problem of entire buildings being turned into illegal hotels, but was not intended to target individuals who rented out their apartments occasionally. As a result, it has denied citizens of New York City the opportunity to rent out their extra space when they are out of town to help make ends meet. Individuals who rent out their apartments occasionally are able to use this money to help pay their rent, mortgage, medical bills, and other expenses. In addition, visitors who use this method of lodging bring additional economic activ- ity to neighborhoods that would otherwise not see this business. Two- thirds of all New York City hotels are located in Mid-town Manhattan, yet the majority of this activity occurs outside of this area in Manhat- tan, and in the four outer boroughs. Visitors use these lodging options for a variety of reasons including visiting family members who live in the outer boroughs and to get a feel for the local flavor and vibrancy of neighborhoods throughout New York City. This legislation would bring exponential economic benefits to both New York City's residents and its visitors.   LEGISLATIVE HISTORY: This is a new bill   FISCAL IMPACT IN THE STATE: To be determined   EFFECTIVE DATE: This act shall take effect immediately.
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