S 6914: Establishes the rental assistance payment standard pilot program where the owner of a housing accommodation shall be entitled to charge and collect a rent equal to the maximum amount that the rental assistance program prescribes for like housing accommodations, subject to rent reasonableness calculations.

  
  STATE OF NEW YORK ________________________________________________________________________ 6914 2025-2026 Regular Sessions  IN SENATE March 26, 2025 ___________ Introduced by Sen. COMRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Judiciary AN ACT to amend the real property law, in relation to the rental assist- ance payment standard pilot program; and providing for the repeal of such provisions upon expiration thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The real property law is amended by adding a new section 2 226-d to read as follows: 3 § 226-d. Rental assistance payment standard pilot program. 1. Where 4 the requirements of this section are satisfied, the owner of a housing 5 accommodation shall be entitled to charge and collect a rent equal to 6 the maximum amount that the rental assistance program prescribes for 7 like housing accommodations, subject to rent reasonableness calcu- 8 lations, notwithstanding that such rental amount might exceed rent limi- 9 tations under any other applicable law or regulation. 10 2. A housing accommodation shall be subject to the provisions of 11 subdivision one of this section if the housing accommodation is regis- 12 tered as vacant with the state housing agency for registration year two 13 thousand twenty-five and is subsequently rented to a tenant who is the 14 recipient of a rental assistance housing voucher under any federal, 15 state, or local program, and such rental assistance is provided pursuant 16 to a payment agreement between the owner and applicable housing agency 17 with respect to the housing accommodation. Only housing accommodations 18 in buildings constructed prior to January first, nineteen hundred seven- 19 ty-four shall be eligible. 20 3. Where a rent prescribed by a rental assistance program pursuant to 21 subdivision one of this section exceeds the legal regulated rent, pref- 22 erential rent, or maximum collectible rent for such housing accommo- 23 dation, such legal regulated rent, preferential rent, or maximum collec- 24 tible rent shall be preserved and registered with the state housing EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11281-01-5 
 S. 6914 2 1 agency, as applicable, subject to any increases allowed by law as if the 2 apartment were rented in the normal course during the same time period. 3 The legal rent shall be reinstated, subject to any allowable increases, 4 when the housing accommodation is no longer subject to the rental 5 assistance program. 6 § 2. This act shall take effect immediately and shall expire and be 7 deemed repealed June 15, 2027, except that any housing accommodation 8 with a vacancy lease start date before June 15, 2027 shall continue to 9 be covered by this act for as long as such housing accommodation is 10 occupied by a tenant with a rental assistance housing voucher and 11 covered by a payment agreement with a government entity.