S 1642: Requires rent stabilized housing accommodations lost or destroyed due to fire, natural disaster, act of God, act of war or eminent domain, to be replaced in any succeeding construction on the same parcel.

  
  STATE OF NEW YORK ________________________________________________________________________ 1642 2025-2026 Regular Sessions  IN SENATE January 13, 2025 ___________ Introduced by Sen. CLEARE -- 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 replace- ment of certain rent stabilized housing accommodations The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 4 of chapter 274 of the laws of 1946, constituting 2 the emergency housing rent control law, is amended by adding a new 3 subdivision 2-c to read as follows: 4 2-c. Notwithstanding any provision of law to the contrary, where a 5 housing accommodation subject to the provisions of this act is lost or 6 destroyed due to fire, natural disaster, act of God, act of war or 7 eminent domain, such housing accommodation shall be replaced in any 8 succeeding construction on the same parcel. Such replacement housing 9 accommodation shall be substantially similar to the lost housing accom- 10 modation and shall be subject to the provisions of this act with a maxi- 11 mum rent that is equal to the maximum rent of the lost housing accommo- 12 dation. 13 § 2. Section 5 of section 4 of chapter 576 of the laws of 1974, 14 constituting the emergency tenant protection act of nineteen seventy- 15 four, is amended by adding a new subdivision g to read as follows: 16 g. Notwithstanding any provision of law to the contrary, where a hous- 17 ing accommodation subject to the provisions of this act is lost or 18 destroyed due to fire, natural disaster, act of God, act of war or 19 eminent domain, such housing accommodation shall be replaced in any 20 succeeding construction on the same parcel. Such replacement housing 21 accommodation shall be substantially similar to the lost housing accom- 22 modation and shall be subject to the provisions of this act with an EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04829-01-5 
 S. 1642 2 1 initial maximum rent that is equal to the maximum rent of the lost hous- 2 ing accommodation. 3 § 3. The administrative code of the city of New York is amended by 4 adding a new section 26-418 to read as follows: 5 § 26-418 Replacement of certain housing accommodations. Notwithstand- 6 ing any provision of law to the contrary, where a housing accommodation 7 subject to the provisions of this chapter is lost or destroyed due to 8 fire, natural disaster, act of God, act of war or eminent domain, such 9 housing accommodation shall be replaced in any succeeding construction 10 on the same parcel. Such replacement housing accommodation shall be 11 substantially similar to the lost housing accommodation and shall be 12 subject to the provisions of this chapter with an initial maximum rent 13 that is equal to the maximum rent of the lost housing accommodation. 14 § 4. The administrative code of the city of New York is amended by 15 adding a new section 26-512.1 to read as follows: 16 § 26-512.1 Replacement of certain housing accommodations. Notwith- 17 standing any provision of law to the contrary, where a housing accommo- 18 dation subject to the provisions of this chapter is lost due to fire, 19 natural disaster, act of God, act of war or eminent domain, such housing 20 accommodation shall be replaced in any succeeding construction on the 21 same parcel. Such replacement housing accommodation shall be substan- 22 tially similar to the lost housing accommodation and shall be subject to 23 the provisions of this chapter with a maximum rent that is equal to the 24 maximum rent of the lost housing accommodation. 25 § 5. This act shall take effect on the ninetieth day after it shall 26 have become a law; provided that the amendments to the city rent and 27 rehabilitation law made by section three of this act shall remain in 28 full force and effect only as long as the public emergency requiring the 29 regulation and control of residential rents and evictions continues, as 30 provided in subdivision 3 of section 1 of the local emergency housing 31 rent control act; and provided further, that the amendments to chapter 4 32 of title 26 of the administrative code of the city of New York made by 33 section four of this act shall expire on the same date as such law 34 expires and shall not affect the expiration of such law as provided 35 under section 26-520 of such law.