Senate BillIntroduced
S 8698: Defines the types of capital improvement costs pursuant to which a manufactured home park may increase rent above three percent over the previous rent price.
What S 8698 does, verified January 12, 2026
The bill aims to allow manufactured home parks to increase rent above three percent if the increases are directly related to capital improvements, as defined by the tax law. Manufactured home parks may now increase rent due to capital improvements without being limited by the three percent cap. This change will enable parks to cover the costs of necessary upgrades and renovations, which will help maintain and improve the quality of living spaces for residents.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT (2026-01-07)Alert me
Quick answers about S 8698
- What is the current status of S 8698?
- As of January 12, 2026, S 8698 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT".
- Did S 8698 pass?
- Not yet. S 8698 has been introduced and has not passed either house.
- Who wrote S 8698, and where is it now?
- S 8698 was authored by Sen. Jacob Ashby. Its committee of record is Senate Housing, Construction, & Community Development.
Author and sponsors
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| Jan. 07, 2026 | REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT |
Latest bill textIntroduced version, January 7, 2026 · 187 words
STATE OF NEW YORK ________________________________________________________________________ 8698 IN SENATE January 7, 2026 ___________ Introduced by Sen. ASHBY -- 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 real property law, in relation to capital improve- ment costs pursuant to which a manufactured home park may increase rent above three percent The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (c) of subdivision 2 of section 233-b of the real 2 property law, as added by section 12 of part O of chapter 36 of the laws 3 of 2019, is amended to read as follows: 4 (c) Increases in costs which are directly related to capital improve- 5 ments, as defined by section eleven hundred one of the tax law, in the 6 park. 7 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14291-01-5
Text of S 8698 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions