S1656 — Approves major capital improvement rent increases and extends the length of time over which major capital improvement expenses may be recovered

S1656 — Approves major capital improvement rent increases and extends the length of time over which major capital improvement expenses may be recovered · Informed CitizenryThis bill amends the New York City administrative code and state housing laws to establish a regulatory framework for rent increases resulting from major capital improvements (MCIs). It mandates th…Open in Informed Citizenry