File #: Int 1433-2025    Version: * Name: Citywide percentage of rental units in projects receiving city financial assistance that must be 2- and 3-bedroom units.
Type: Introduction Status: Committee
Committee: Committee on Land Use
On agenda: 10/29/2025
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to the citywide percentage of rental units in projects receiving city financial assistance that must be 2- and 3-bedroom units
Sponsors: Eric Dinowitz, Farah N. Louis, Diana I. Ayala, Althea V. Stevens, James F. Gennaro, Selvena N. Brooks-Powers
Council Member Sponsors: 6
Summary: This bill would set minimum percentages of rental units that receive city funding that must be 2- and 3-bedroom units. The minimum percentages of the total citywide number of rental units in construction or rehabilitation projects that the Department of Housing Preservation and Development approves to receive city funding that must be 2- and 3-bedroom units would be based on the citywide percentage of households that have, respectively, 3 or 4 members, and at least 5 members. No more than 35% of these 2- and 3-bedroom units could be located in a single borough.
Attachments: 1. Summary of Int. No. 1433, 2. Int. No. 1433, 3. Memorandum in Support

Int. No. 1433

 

By Council Members Dinowitz, Louis, Ayala, Stevens, Gennaro and Brooks-Powers

 

A Local Law to amend the administrative code of the city of New York, in relation to the citywide percentage of rental units in projects receiving city financial assistance that must be 2- and 3-bedroom units

 

Be it enacted by the Council as follows:

 

Section 1. Title 26 of the administrative code of the city of New York is amended by adding a new chapter 37 to read as follows:

CHAPTER 37

ALLOCATION OF AFFORDABLE UNITS BY HOUSEHOLD SIZE

§ 26-3701 Definitions. As used in this chapter, the following terms have the following meanings:

City financial assistance. The term “city financial assistance” means any loans, grants, tax credits, tax exemptions, or tax abatements conveyed or expended by the city other than as-of-right assistance.

Covered project. The term “covered project” means a project that receives city financial assistance to construct or rehabilitate a dwelling unit that is required to be offered for occupancy on a rental basis.

Department. The term “department” means the department of housing preservation and development.

Occupied dwelling units. The term “occupied dwelling units” means all dwelling units in the city that are owner-occupied or renter-occupied.

§ 26-3702 Minimum percentages of 2- and 3-bedroom rental units. a. The department shall ensure that of the aggregate number of all dwelling units in all covered projects that the department approves to receive city financial assistance in the 5-year period beginning on the effective date of the local law that added this chapter, and every 5 years thereafter:

1. The percentage of 2-bedroom dwelling units shall be no less than the citywide percentage of households in occupied dwelling units that have 3 or 4 members, based on the most recent 5-year American community survey data; and

2. The percentage of 3-bedroom dwelling units shall be no less than the citywide percentage of households in occupied dwelling units that have 5 or more members, based on the most recent 5-year American community survey data.

b. No more than 35 percent of such 2-bedroom dwelling units required by paragraph 1 of subdivision a of this section and no more than 35 percent of such 3-bedroom dwelling units required by paragraph 2 of subdivision a of this section shall be located in a single borough.

§ 2. This local law takes effect immediately.

JEF

LS # 11242 20586

10/24/2025 1:25 PM