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Bill

S 1437

ASCEND Act

119th Congress Introduced by John Cornyn and 1 co-sponsor

Bill S 1437 mandates a public database of major capital improvements in housing, empowering tenants and landlords with crucial information on property upgrades and costs.

Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
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WeVote Research Nonpartisan
Bill Summary · S 1437

Summary of Bill S 1437

Bill Information

  • Bill Number: S 1437
  • Title: Requires the Division of Housing and Community Renewal to Publish on Its Website a Database of Major Capital Improvements
  • Status: Referred to Housing, Construction and Community Development
  • Introduced: January 09, 2025
  • Classification: Bill

Purpose and Intent

Bill S 1437 aims to enhance transparency and accessibility of information regarding major capital improvements in housing. By mandating the Division of Housing and Community Renewal (DHCR) to create and maintain a publicly accessible database, the bill seeks to inform tenants, landlords, and the general public about significant upgrades and renovations made to residential properties.

Key Provisions

  • Database Creation: The bill requires the DHCR to establish a comprehensive database that lists all major capital improvements (MCIs) made by landlords.
  • Public Access: The database must be made available on the DHCR's official website, ensuring that the information is easily accessible to the public.
  • Information Included: The database is expected to include details such as:
    • The nature of the improvements
    • The date of completion
    • The costs associated with each improvement
    • Any relevant documentation or approvals related to the improvements

Impact

  • Tenants: The bill is designed to empower tenants by providing them with crucial information about the conditions and investments in their housing, potentially influencing their rights and responsibilities regarding rent increases associated with MCIs.
  • Landlords: Landlords will be required to report their capital improvements, which may increase administrative responsibilities but also promote accountability and transparency in property management.
  • General Public: The broader community will benefit from increased access to housing data, which can inform discussions about housing quality and affordability.

Procedural Aspects

  • Current Status: As of January 09, 2025, the bill has been referred to the Housing, Construction and Community Development committee for further consideration.
  • Related Legislation: This bill is part of a series of related bills from prior sessions, including S 3845, S 2217, S 3257, S 3884, S 5691, S 3325, and S 2363, indicating ongoing legislative efforts to address housing issues.

Conclusion

Bill S 1437 represents a significant step towards improving transparency in the housing sector by requiring the publication of a database detailing major capital improvements. By making this information publicly available, the bill aims to foster informed decision-making among tenants and landlords alike, ultimately contributing to better housing conditions.

Compiled from official sources — confirm details with the bill’s official record.

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