N.Y. Private Housing Finance Law § 611: Rent stabilization and regulatory agreements

§ 611. Rent stabilization and regulatory agreements. 1.

Notwithstanding any other provision of law, including the provisions of,

or any regulation promulgated pursuant to, the emergency tenant

protection act of nineteen seventy-four or the rent stabilization law of

nineteen hundred sixty-nine, the state division of housing and community

renewal, when supervising housing accommodations under provisions of law

other than the emergency tenant protection act of nineteen seventy-four

or the rent stabilization law of nineteen hundred sixty-nine, the New

York city department of housing preservation and development, the New

York state urban development corporation, the New York state housing

finance agency, the New York state housing trust fund, and the New York

city housing development corporation, or such other state or municipal

agency, political subdivision, public benefit corporation, or

instrumentality as the state division of housing and community renewal

shall identify, may, by agreement with an owner of a multiple dwelling,

subject any housing accommodation in such multiple dwelling to the

emergency tenant protection act of nineteen seventy-four or the rent

stabilization law of nineteen hundred sixty-nine, or both, if applicable

to the municipality. The requirements of such agreement shall supplement

any requirements imposed on such housing accommodation pursuant to any

other provisions of law.

2. Any agreement between a state or municipal agency, political

subdivision, public benefit corporation, or instrumentality described in

subdivision one of this section and an owner of a multiple dwelling that

contains provisions that are consistent with subdivision one of this

section and that is in effect as of the effective date of this section

is and will remain valid and enforceable.