rent increase is 1/168th of the total cost of the Under HSTPA, there are limitations on future
improvements and the maximum rent increase MCI increases, such as: only reasonable costs
is $178.57. If the building has more than 35 are recoverable, and MCI rent increases are
apartments the rent increase is 1/180th of the total prohibited in buildings that contain 35% or fewer
cost of the improvements and the maximum rent rent regulated apartments. The rent increase
increase is $166.67. In this tier, if a tenant is in approved by the DHCR order is collectible
occupancy when the improvement is made, the prospectively, on the first day of the first month 60
owner is required to obtain the tenant’s written days after issuance. There are no retroactive rent
consent on DHCR IAI Tenant’s Informed Consent increases. The collection of the increase is limited
Form RN-19C, which is available for completion in to a 2% cap/yearly phase-in. The 2% cap also
multiple languages. applies to MCI rent increases not yet collected
that were approved on or after June 14, 2012. The
The second tier establishes a $50,000 limit and first renewal lease effective after June 14, 2019
applies only to work done in vacant apartments must reflect no more than a 2% increase. Upon
and the owner must first get certification from vacancy, the remaining balance of the increase
DHCR for eligibility. In a building with 35 or fewer can be added to the legal rent. In buildings with
apartments, the rent increase is 1/144th of the total 35 or fewer units, the cost of the MCI is amortized
cost of the improvements and the maximum rent over a 12-year period. In buildings with more than
increase is $347.22. If the building has more than 35 units, the cost of the MCI is amortized over
35 apartments the rent increase is