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Bill

A 6297

Relates to requiring property owners to dedicate certain residential units to rent regulated status following demolition and new construction or substantial renovation

2025 Regular Session Introduced by Tony Simone

Requires owners who demolish and redevelop to designate a subset of future units as rent-regulated, protecting tenants and preserving affordable housing during redevelopment.

REFERRED TO HOUSING
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WeVote Research Nonpartisan
Bill Summary · A 6297

Summary of New York Assembly Bill A 6297

Overview

A 6297 is a bill introduced in the New York Assembly on March 3, 2025, titled: “Relates to requiring property owners to dedicate certain residential units to rent regulated status following demolition and new construction or substantial renovation.” The measure aims to preserve rent-regulated housing as properties undergo redevelopment or major renovation.

  • Status: Referred to the Housing Committee
  • Introduced: March 3, 2025
  • Primary Sponsor: Tony Simone
  • Companion / Related Legislation: S 3199 (Senate companion; listed in related bills), with several prior-session related bills noted (e.g., S 8574, S 2252, S 367, A 8446)

Purpose and Intent

Based on the title, the bill’s intent is to ensure that, when property owners demolish a building and construct new housing or undertake substantial renovations, a portion of the resulting or preserved units would be placed under rent-regulated status. The overarching goal appears to be preserving or expanding affordable rental housing amid redevelopment.

Key Provisions (inferred from the title)

Note: The exact statutory text is not provided in the materials available. The following reflects the bill’s stated aim and typical elements such measures tend to include.
- Require property owners undertaking demolition and subsequent new construction or substantial renovation to designate a subset of residential units as rent-regulated.
- Define which properties, units, and redevelopment activities are subject to the requirement (e.g., criteria for “demolition,” “new construction,” or “substantial renovation”).
- Specify the duration and terms of rent-regulated status for the designated units.
- Establish guidelines for implementation, oversight, and enforcement by the appropriate housing or regulatory agency.
- Outline penalties or remedies for non-compliance and any exemptions or carve-outs (if any).

Who would be Affected

  • Property Owners/Developers: developers undertaking demolition and redevelopment or major renovations would face new regulatory obligations to designate rent-regulated units.
  • Tenants: existing and future tenants in affected units, who would gain or retain rent-regulated protections.
  • Housing Authorities/Regulators: likely responsible for administering compliance, monitoring, and enforcement.

Procedural and Timeline Aspects

  • The bill has been referred to the Housing Committee, indicating it is at an early stage of the legislative process.
  • No enacted provisions or effective dates are provided in the available materials.
  • With a Senate companion (S 3199) noted, there is potential for cross-chamber consideration in future sessions.

Related Legislation

  • Related Bills: S 8574, S 2252, S 367, A 8446 (prior-session counterparts)
  • Companion: S 3199 (listed as a companion across sources)

Potential Impacts and Considerations

  • Could improve preservation of affordable rental units amid redevelopment, potentially affecting project feasibility, timelines, and financing.
  • May influence developers’ decisions on project scope and housing mix.
  • Administrative and compliance costs for local housing agencies and property owners.
  • Could interact with existing rent-stabilization laws and other affordability programs.

Next Steps for Stakeholders

  • Monitor for the bill’s text, amendments, and fiscal notes.
  • Watch for hearings and potential amendments in the Housing Committee.
  • Review the related Senate companion and any convergence with prior-session bills for context and potential consensus.

For exact language, definitions, thresholds (e.g., number or percentage of units required), exemptions, and enforcement details, consult the official bill text and subsequent committee materials.

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

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