Rent regulation of rehabilitated multiple dwellings aided by certain federal housing assistance programs

§ 608. Rent regulation of rehabilitated multiple dwellings aided by\ncertain federal housing assistance programs. 1. In cities with a\npopulation of one million or more, upon completion of rehabilitation of\na class A multiple dwelling which is aided by a mortgage loan entered\ninto in conjunction with a housing assistance payments contract in\nconnection with moderate rehabilitation pursuant to section eight of the\nUnited States housing act of 1937, as amended, the agency shall\nestablish the initial rent for each rental dwelling unit within the\nrehabilitated or converted multiple dwelling notwithstanding the\nprovisions of, or any regulation promulgated pursuant to, the emergency\nhousing rent control law, the local emergency housing rent control act,\nthe emergency tenant protection act of nineteen seventy-four, the local\nrent stabilization law or any local law enacted pursuant thereto. After\nthe agency has set the initial rents, all rental dwelling units within\nsuch rehabilitated or converted multiple dwellings shall become subject\nto the rent stabilization law of nineteen hundred sixty-nine.\n 2. The occupant in possession of such a dwelling unit when the\nmultiple dwelling is made subject to the rent stabilization law of\nnineteen hundred sixty-nine shall be offered a choice of a one or two\nyear lease at the initial rents established by the agency\nnotwithstanding any contrary provisions of, or regulations adopted\npursuant to, the rent stabilization law of nineteen hundred sixty-nine,\nand the emergency tenant protection act of nineteen seventy-four.\n 3. Prior to establishing initial rents the agency shall cause all\ntenants in occupancy of such mulitple dwelling to be notified of, and\nhave an opportunity to comment on, the contemplated rehabilitation. Such\nnotification shall advise such tenants of the approximate expected rent\nincrease and the subsequent availability of a one or two year lease.\nSuch notification and opportunity to comment shall be provided before\nthe rehabilitation and again after the construction is complete and\nbefore the establishment of the initial rents.\n 4. For the purposes of this section, "multiple dwelling" shall include\nany class A multiple dwelling having three or more units, and shall\ninclude multiple family garden-type maisonette dwelling complexes under\nsingle ownership having common facilities such as a sewer line, water\nmain and heating plant notwithstanding the fact that certificates of\noccupancy were issued for portions thereof as one or two family\ndwellings.\n 5. For the purposes of this section, the meaning of the terms\n"agency", "conversion", "non-residential property" and "rehabilitation"\nshall be the meaning provided pursuant to section eight hundred one of\nthis chapter.\n 6. The agency may promulgate supplementary rules and regulations to\ncarry out the provisions of this section, not inconsistent with the\nprovisions of this section.\n