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Lower Manhattan councilwoman Margaret Chin is proposing a bill that would require owners the HPD suspects of bad behavior to place 10 percent of a building's rent rolls from a five-year period into an escrow account. The city would use the money in the event it needs to swiftly relocate displaced tenants. The department is already allowed to recover the costs of tenant relocation from landlords, but Chin's bill would allow the department to pick up those costs up-front.
