MCIs – Major Capital Improvements

“A Major Capital Improvement (known as an MCI) rent increase is a permanent increase in rent for a rent-stabilized or rent-controlled tenant, based on money spent by the landlord on building-wide improvements or on replacing a major building system.

Landlords can pass on the cost of new windows, new boilers, new roofs, and other work affecting the entire building, as permanent rent increases (i.e. they continue even after the cost of the work is paid off by the tenants). The landlord must apply for the MCI rent increase from the New York State Division of Housing and Community Renewal (DHCR), and tenants can challenge the application on specific grounds.”

Learn how to fight back against proposed MCIs: