Bill
A 8768
Overview: Bill Number: A 8768, Title: Relates to major capital improvements and individual apartment improvements in rent regulated units, Status: REFERRED TO HOUSING, Introduced:
Overview: Bill Number: A 8768, Title: Relates to major capital improvements and individual apartment improvements in rent regulated units, Status: REFERRED TO HOUSING, Introduced: June 02, 2025
Purpose and Intent: The purpose of this bill is to reform the rules governing major capital improvements (MCIs) and individual apartment improvements (IAIs) in rent-regulated housing units in order to protect tenants from excessive rent increases.
Key Provisions:
- Caps the maximum rent increase for MCIs at 2% of the prior rent, down from the current 6% limit
- Requires landlords to obtain tenant approval for IAIs and limits the rent increase to 1.5 times the cost of improvements
- Establishes a new state oversight board to review and approve all MCI and IAI applications
- Prohibits landlords from passing the cost of normal maintenance and repairs onto tenants
Affected Parties and Impacts:
- Tenants in rent-regulated apartments will benefit from more limited rent increases due to MCIs and IAIs
- Landlords of rent-regulated properties will face stricter requirements and oversight for capital improvements
- The state will incur administrative costs to operate the new MCI/IAI review board
Procedural and Timeline Considerations:
The bill has been referred to the Housing Committee and is currently under review. If enacted, the new MCI and IAI regulations would take effect 6 months after becoming law.
Compiled from official sources — confirm details with the bill’s official record.
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