S 7586: Prohibits any increase in the average monthly rental of a property by a limited-profit housing company unless the appropriate local housing agency certifies that there exists no recorded violations against such property or that all recorded violations have been cleared, corrected or abated, and that such company is maintaining all essential services required to be furnished.

  
  STATE OF NEW YORK ________________________________________________________________________ 7586 2025-2026 Regular Sessions  IN SENATE April 23, 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 private housing finance law, in relation to prohib- iting increases in maximum rents for dwellings unless all essential services are maintained and requiring certification of other condi- tions The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 31 of the private housing finance law is amended 2 by adding a new subdivision 1-a to read as follows: 3 1-a. Notwithstanding any other provision of this chapter no applica- 4 tion for an increase in the average monthly rental may be filed unless 5 (a) a certificate of the appropriate department or agency having juris- 6 diction thereof is annexed to such application stating either that there 7 are no recorded violations against such property or that all violations 8 therein recorded against such property have been cleared, corrected or 9 abated, or a portion of the increase is specifically set aside in a 10 trust fund to correct all violations; and (b) the company or other 11 applicant certifies it is maintaining all essential services required to 12 be furnished and will continue to maintain such services. 13 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11743-01-5