State Codes and Statutes

Statutes > New-york > Pvh > Article-15 > 804

§  804.  Rentals. Notwithstanding the provisions of, or any regulation  promulgated pursuant to, the emergency housing  rent  control  law,  the  local  emergency  housing rent control act or local law enacted pursuant  thereto, upon completion of the rehabilitation of an  existing  multiple  dwelling,  the construction of a new multiple dwelling or the conversion  of  non-residential  property  into  a  multiple  dwelling  aided  by  a  participation  loan  made  pursuant  to  this  article, the agency shall  establish  the  initial  rent  for  each  dwelling   unit   within   the  rehabilitated,  newly  constructed or converted multiple dwelling. Where  the  city  of  New  York  or  the  New  York  city  housing  development  corporation  has  participated  or  invested  in a loan pursuant to this  article, all dwelling units within the multiple dwelling  subsequent  to  the establishment of initial rents by the agency shall be subject to the  rent stabilization law of nineteen hundred sixty-nine provided, that the  occupant  in possession of a dwelling unit when the multiple dwelling is  made  subject  to  the  rent  stabilization  law  of  nineteen   hundred  sixty-nine  shall  be  offered  a  two  year  lease  notwithstanding any  contrary provisions of, or regulations adopted  pursuant  to,  the  rent  stabilization  law  of  nineteen hundred sixty-nine at such initial rent  set for such dwelling unit by the agency.

State Codes and Statutes

Statutes > New-york > Pvh > Article-15 > 804

§  804.  Rentals. Notwithstanding the provisions of, or any regulation  promulgated pursuant to, the emergency housing  rent  control  law,  the  local  emergency  housing rent control act or local law enacted pursuant  thereto, upon completion of the rehabilitation of an  existing  multiple  dwelling,  the construction of a new multiple dwelling or the conversion  of  non-residential  property  into  a  multiple  dwelling  aided  by  a  participation  loan  made  pursuant  to  this  article, the agency shall  establish  the  initial  rent  for  each  dwelling   unit   within   the  rehabilitated,  newly  constructed or converted multiple dwelling. Where  the  city  of  New  York  or  the  New  York  city  housing  development  corporation  has  participated  or  invested  in a loan pursuant to this  article, all dwelling units within the multiple dwelling  subsequent  to  the establishment of initial rents by the agency shall be subject to the  rent stabilization law of nineteen hundred sixty-nine provided, that the  occupant  in possession of a dwelling unit when the multiple dwelling is  made  subject  to  the  rent  stabilization  law  of  nineteen   hundred  sixty-nine  shall  be  offered  a  two  year  lease  notwithstanding any  contrary provisions of, or regulations adopted  pursuant  to,  the  rent  stabilization  law  of  nineteen hundred sixty-nine at such initial rent  set for such dwelling unit by the agency.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Pvh > Article-15 > 804

§  804.  Rentals. Notwithstanding the provisions of, or any regulation  promulgated pursuant to, the emergency housing  rent  control  law,  the  local  emergency  housing rent control act or local law enacted pursuant  thereto, upon completion of the rehabilitation of an  existing  multiple  dwelling,  the construction of a new multiple dwelling or the conversion  of  non-residential  property  into  a  multiple  dwelling  aided  by  a  participation  loan  made  pursuant  to  this  article, the agency shall  establish  the  initial  rent  for  each  dwelling   unit   within   the  rehabilitated,  newly  constructed or converted multiple dwelling. Where  the  city  of  New  York  or  the  New  York  city  housing  development  corporation  has  participated  or  invested  in a loan pursuant to this  article, all dwelling units within the multiple dwelling  subsequent  to  the establishment of initial rents by the agency shall be subject to the  rent stabilization law of nineteen hundred sixty-nine provided, that the  occupant  in possession of a dwelling unit when the multiple dwelling is  made  subject  to  the  rent  stabilization  law  of  nineteen   hundred  sixty-nine  shall  be  offered  a  two  year  lease  notwithstanding any  contrary provisions of, or regulations adopted  pursuant  to,  the  rent  stabilization  law  of  nineteen hundred sixty-nine at such initial rent  set for such dwelling unit by the agency.