The Rent Stabilized Housing Inflation Protection Continuation Temporary Amendment Act of 2025 amends the Rental Housing Act of 1985 to impose temporary limits on rent adjustments for rent-stabilized units over a two-year period. Specifically, it caps annual rent increases to the lesser of 6% or the Standard Metropolitan Statistical Area Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) plus 2%, with a cumulative limit of 12%. For units leased by home and community-based services waiver providers, the cap is set at 4% or the general adjustment, with a cumulative limit of 8%. Additionally, for units occupied by elderly tenants or tenants with disabilities, the increase is limited to 4%, the general adjustment, or the most recent cost-of-living adjustment for social security recipients, also with a cumulative limit of 8%.
The bill also introduces provisions allowing for re-noticing of rent increases with less than 30 days' notice if the new increase is lower than the original, and mandates the repayment of any overpaid rent within 30 days. Furthermore, it establishes that total adjustments from May 1, 2023, through April 30, 2025, cannot exceed the legal rent charged as of April 30, 2023, with specific caps based on tenant demographics. The act is set to apply from January 12, 2025, and will expire after 225 days of its enactment.