Major Capital Improvements (MCI)
An owner is permitted rent increases to
recover the costs of building-wide major capital
improvements, such as the replacement of a
boiler or new plumbing. The owner must file an
application with DHCR and DHCR may issue
an order denying the increase or granting an
increase in part or in whole. After review of an MCI
application DHCR will issue an order and serve it
on the owner and all tenants in the building.
A PUBLICATION OF THE DIVISION OF HOUSING AND COMMUNITY RENEWAL OFFICE OF RENT ADMINISTRATION FS-26 (07/2026)
FACT SHEET #26: GUIDE TO RENT INCREASES FOR RENT STABILIZED APARTMENTS PAGE 4 OF 5
RECENT LEASE GUIDELINE RATES
• Prior to the effective date of the Housing Stability and Tenant Protection Act (HSTPA) of 2019, June 14, 2019, these
guidelines applied only to lease renewals.
• Effective November 8, 2023, the rent regulation amendments clarify that guideline adjustments apply to vacancy and
renewal leases. For guidelines prior to this date, the footnote “1” is used as a notation (previously noted with a "G"). In light of
this amendment, the use of this footnote in subsequent guideline years is no longer necessary.
• On June 18, 2025, the New York State (NYS) Court of Appeals issued its decision in the Emergency Tenant Protection Act
(ETPA) case, Hudson Valley Property Owners Association Inc. et al. v. City of Kingston et al. The decision upheld Kingston’s
adoption of the ETPA and Kingston Rent Guidelines Board’s fair market rent and guideline adjustment. See footnote “7.”
EFFECTIVE DATE
OF RENEWAL
NYC Nassau Rockland Westchester City of Kingston
LEASE
1 year 2 year 1 year 2 year 1 year 2 year 1 year 2 year 1 year 2 year
10/1/20- 0.00%1,2
0.00%1 0.00%1 0.00%1 0.00%1 0.00%1 0.00%1 0.00%1 — —
9/30/21 1.00%1,2