Res 0993-2003

Decrease the required proportion of income to be paid toward rent from 1/3 to 1/4 for residents of rent-controlled and rent-stabilized units to qualify for the SCRIE program.

Resolution calling upon the New York State Legislature to pass A. 6198 and S. 2677, which would amend Real Property Tax Law (RPTL) Section 467-b to decrease the required proportion of income to be paid toward rent from one-third to one-fourth for residents of rent-controlled and rent-stabilized units to qualify for the Senior Citizen Rent Increase Exemption (SCRIE) program, and to enact legislation which would amend RPTL Section 467-c to decrease the required proportion of income to be paid toward rent from one-third to one-fourth for residents of Mitchell-Lama units to qualify for the SCRIE program.

Status

Adopted

Introduced By