New Paltz Village, N.Y., Code of Ordinances ch. 132 (eCode360 ed. 2026) § 132-5
Maximum sales price and rent
Operative Text
A. The maximum sales price for an AH unit shall not exceed two times the maximum family income allowed for eligibility for a moderate-income family, as defined in this chapter, for the maximum-size family eligible for such units as specified in this chapter. B. Maximum monthly rent; lease. (1) The maximum monthly rent for an AH unit shall not exceed 1.75%, excluding utilities (gas, oil, electricity, water and sewage, common charges), or 2%, if utilities and common charges are included, of the multiple assigned to the number of bedrooms in the dwelling unit times the average of the last three-year median income levels published by HUD for the Kingston Metropolitan Statistical Area (MSA). (2) A two-year lease shall be offered to all tenants of moderate-income housing units available on a rental basis.
New Paltz Village Code ch. 132 § 132-5 establishes price and rent ceilings for affordable housing (AH) units. The maximum sales price is tied to twice the moderate-income family income limit, while the maximum monthly rent is calculated as a percentage (1.75% excluding utilities, or 2% including utilities and common charges) of a bedroom-count multiplier applied to a three-year average of HUD-published median income for the Kingston MSA. Additionally, landlords renting moderate-income AH units must offer tenants a two-year lease.
Plain English — not legal advice.
Operators of AH units under ch. 132 § 132-5 generally track HUD's annually published median income figures for the Kingston MSA and recalculate allowable rents using the prescribed bedroom multipliers and percentage formulas whenever those figures are updated. Compliant operators also distinguish clearly between rent structures that include utilities and common charges versus those that do not, applying the 1.75% or 2% rate accordingly. When making units available for rent, operators typically prepare and offer a two-year lease to every qualifying tenant as required by this section.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Under New Paltz Village Code ch. 132 § 132-5, tenants of moderate-income AH rental units have a right to be offered a two-year lease, and the rent charged must not exceed the formula-based ceiling tied to HUD's Kingston MSA median income data. If a tenant believes the rent charged or the lease terms offered do not conform to § 132-5, they may raise that concern with the Village of New Paltz directly or consult a tenant-rights organization familiar with New York affordable housing regulations. Keeping records of the rent charged, any utility arrangements, and the lease offered can be useful when exploring whether a violation of this provision has occurred.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated November 9, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
Effective Timeline
References Out
No outbound references recorded yet for this provision.
References In
Rules and statutes that cite this regulation