§ 14-02 Initial Rent Setting.
RCNY § 14-02
(a)To facilitate a particular building's operation and as a condition of admission to a DAMP Program, the appropriate DAMP Program Director may establish a minimum per Room rent level for all dwelling units in such building.
(b)The determination to establish a minimum per Room rent level for all dwelling units in a particular building shall be based on the DAMP Program Director's estimate of the maintenance and operating expenses of the particular building upon admission to a DAMP Program. The DAMP Program Director shall consider the existing rent roll for the particular building or project, the number of vacant dwelling units at the time of admission to a DAMP Program and the maintenance and operating expenses incurred by other buildings presently or previously in that or other DAMP Programs.
(c)The DAMP Program Director shall notify each Tenant that the particular building has been accepted into a DAMP Program, the effective date of entry, to whom rent payments are to be made after that date, and what the initial rent for the dwelling unit will be upon entry and shall provide information on any rental assistance which may be available to the Tenants and the procedures to apply for such assistance. The notice shall be in writing and sent by regular mail to the affected Tenants at least thirty (30) days before the date of entry into a DAMP Program.
