§ 607. Rent regulation of multiple dwellings rehabilitated with a loan\ngranted pursuant to section three hundred twelve of the housing act of\nnineteen hundred sixty-four.
1.In cities with a population of one\nmillion or more, upon completion of rehabilitation of a class A multiple\ndwelling, which is aided by a loan made pursuant to section three\nhundred twelve of the housing act of nineteen hundred sixty-four, the\nagency shall establish the initial rent for each rental dwelling unit\nwithin the rehabilitated or converted multiple dwelling notwithstanding\nthe provisions of, or any regulation promulgated pursuant to, the\nemergency housing rent control law, the local emergency housing rent\ncontrol act, the emergency tenant protection act of nineteen\nseventy-four, the local rent s
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§ 607. Rent regulation of multiple dwellings rehabilitated with a loan\ngranted pursuant to section three hundred twelve of the housing act of\nnineteen hundred sixty-four. 1. In cities with a population of one\nmillion or more, upon completion of rehabilitation of a class A multiple\ndwelling, which is aided by a loan made pursuant to section three\nhundred twelve of the housing act of nineteen hundred sixty-four, the\nagency shall establish the initial rent for each rental dwelling unit\nwithin the rehabilitated or converted multiple dwelling notwithstanding\nthe provisions of, or any regulation promulgated pursuant to, the\nemergency housing rent control law, the local emergency housing rent\ncontrol act, the emergency tenant protection act of nineteen\nseventy-four, the local rent stabilization law or any local law enacted\npursuant thereto. After the agency has set the initial rents, all rental\ndwelling units within such rehabilitated or converted multiple dwellings\nshall become subject to the rent stabilization law of nineteen hundred\nsixty-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 multiple dwelling to be notified of, and\nhave an opportunity to comment on, the contemplated rehabiliation. 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