Beginning July 1st, when the law should go into effect, qualified seniors can apply for the Senior Citizen Rent Increase Exemption (SCRIE).
To qualify, you need all of these:
1. The senior lives in a rent stabilized apartment.
2. The senior is named on the lease.
3. The combined household annual income is no more than $50,000 (before July 1st, the limit is $29,000).
4. The tenant is paying at least 1/3 of the household income in rent - or will be with a new lease renewal.
Usually tenants apply when they get their lease renewal form from the landlord.