Source: https://www.nysenate.gov/legislation/bills/2019/S924
Timestamp: 2019-10-14 18:20:39
Document Index: 413716225

Matched Legal Cases: ['§ 2', '§ 3', '§ 4', '§ 5', '§ 6', '§  7', '§ 8']

S924 (ACTIVE) - Details
2015-2016: S5971
S924 (ACTIVE) - Summary
S924 (ACTIVE) - Sponsor Memo
BILL NUMBER: S924
for dwelling units occupied by certain persons residing in rent-cont-
This legislation would extend the Senior Citizen Rent Increase Exemption
(SCRIE) and the Disability Rent Increase Exemption (DRIE), as well as to
authorize the City of New York to institute a tenant rent increase
exemption program (TRIE), for tenants who pay over 50% of their income
in rent and who reside within rent controlled, rent regulated, and with-
in certain other types of housing incorporated under the private housing
administered by the NYC Department of Finance pursuant to state enabling
legislation. The existing SCRIE and DRIE programs provide that seniors
and the disabled residing in rent controlled, rent stabilized and
certain otherwise limited profit housing, pay no more than 30% of their
income for rent. This program helps eligible seniors (age 62 and over)
and tenants with qualifying disabilities stay in affordable housing by
freezing their rent. The program protects eligible tenants from future
rent increases while providing property owners with tax abatements equal
to the dollar value of the rent increases they are entitled to.
TRIE would target housing assistance to the most assist those low income
individuals and heads of households that shoulder a disproportionate
rent burden and pay over 50% of their income in rent. This program
provides relief to those who, after paying their housing costs, have the
least amount of income left to acquire the necessities of daily living.
2018: S.2586-A Referred to Investigations and Government Operations
2017: S.2586 Referred to Investigations and Government Operations
2016: S.5971-A Referred to Aging
2015: S.5971 Third Reading Calendar
This act shall take on July 1, 2019.
S924 (ACTIVE) - Bill Text download pdf
§ 2. Paragraph b of subdivision 1 of section 467-b of the real proper-
§ 3. Subdivision 2 of section 467-b of the real property tax  law,  as
amended  by  chapter  747 of the laws of 1985, paragraph (c) as added by
chapter 553 of the laws of 2015, paragraph (d) as added by  chapter  343
LBD04566-01-9
[(c)] (D) Provided, however, that in a city of  a  population  of  one
[(d)]  (E)  (1) Provided, however, that in a city with a population of
one million or more, a head of the household who  has  received  a  rent
increase exemption order that has expired and who, upon renewal applica-
tion  for  the  period  commencing immediately after such expiration, is
determined to be ineligible for a rent increase exemption order  because
the  combined income of all members of the household exceeds the maximum
amount allowed by this section or the maximum rent  or  legal  regulated
rent  does not exceed one-third of the combined income of all members of
the household, may submit a new application during the following  calen-
dar  year,  and  if  such head of the household receives a rent increase
exemption order that commences during such calendar year, the tax abate-
ment amount for such order shall be calculated as  if  such  prior  rent
increase  exemption  order  had  not  expired. However, no tax abatement
benefits may be provided for the period of ineligibility.
(2) No head of the household may receive more than three rent increase
exemption orders calculated as if a prior rent increase exemption  order
had not expired, as described in subparagraph one of this paragraph.
§ 4. Paragraph a of subdivision 3 of section 467-b of the real proper-
§ 5. Paragraph d of subdivision 1 of section 467-c of the real proper-
d. "Eligible head of the household" means (1) a person or his  or  her
spouse  who  is  sixty-two years of age or older, OR A PERSON WHO PAYS A
MAXIMUM RENT WHICH EXCEEDS  ONE-HALF  OF  THE  COMBINED  INCOME  OF  ALL
MEMBERS  OF  THE  HOUSEHOLD, and is entitled to the possession or to the
a dwelling which was subject to a mortgage insured or initially  insured
by  the  federal  government pursuant to section two hundred thirteen of
the National Housing Act, as amended "eligible head  of  the  household"
§ 6. Subparagraph 1 of paragraph a of subdivision 3 of  section  467-c
§  7.  The state comptroller shall annually pay to each city providing
§ 8. This act shall take effect immediately; provided however, that
act shall not affect the expiration of  such  subparagraph  pursuant  to
section  4  of part U of chapter 55 of the laws of 2014, as amended, and