Recovery of relocation expenses incurred by the department of housing preservation and development pursuant to a vacate order.

A Local Law to amend the administrative code of the city of New York, in relation to the recovery of relocation expenses incurred by the department of housing preservation and development pursuant to a vacate order.

This bill would require an owner to deposit money in an escrow account, with the department as escrowee, equal to 10% of the rent roll for five years preceding the vacate order for the recovery of relocation expenses incurred.