Posted by chelsea on January 09, 2002 at 10:17:27:
In Reply to: What rent increases are allowed after a gut renovation? posted by carlson on January 08, 2002 at 18:34:37:
Good idea to contact Met Council, but here are some other sources:
The DHCR's bulletin on substantial rehabilitation (below) lays out the basics. Note that the landlord must meet considerable requirements, including showing that approximately 75 percent of the building systems have been replaced, that the building was largely vacant before the work, that the landlord was not found to have harassed tenants and the landlord obtained a proper certificate of occupancy and other permits.
Not clear exactly what Bloozy is talking about, but it may be the J-51 program of tax exemptions/tax credits for rehabilitated buildings. If so, he didn't get it right. If the building became subject to rent regulation BECAUSE OF a J-51, it may become exempt after benefits expire if tenants are properly notified. If building was rent regulated BEFORE the J-51, it remains regulated after the expiration of benefits.
You can search "substantial rehabilitation" in the tenant.net Housing Court cases and forum archives for more background
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