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Rent control laws have stayed on the books for decades in New York because of an inadequate supply of "decent, affordable housing". [36] The worsening in the rental market led to the enactment of the Rent Stabilization Law of 1969, which aimed to help increase the number of available rental units.
In what it terms a "renters bill of rights," the Biden administration has unveiled a new plan of action to protect American renters from unfair housing practices and steep rent increases. See: 40...
The Emergency Tenant Protection Act of 1974 (ETPA) expanded rent stabilization to other parts of New York State. [ 24 ] The Local Law 30 of 1970 introduced a new method of rent control price calculation, based on the Maximum Base Rate, which adapted to the changing costs faced by landlords, allowing them to pass those costs on to renters.
The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) have been tapped to root out practices that unfairly prevent applicants and tenants from accessing or staying ...
VP Harris to back renters' protection and ending benefits for investors' snapping up homes. Yamiche Alcindor. Updated August 16, 2024 at 7:49 AM. ... enforce fair housing laws, and make sure ...
On July 15, 2019, an assortment of landlords and landlord groups initiated a legal challenge to the law in the U.S. District Court for the Eastern District of New York. [21] In a 125-page complaint , [ 21 ] the plaintiffs claimed that the Rent Stabilization Law – as modified by the HSTPA – violated their rights under Due Process Clause of ...
[16] [17] An example involves the handling of a 2016 deregulation application by a landlord, which was dismissed in 2019 due to amendments in the High-Rent/High-Income deregulation laws under the Housing Stability and Tenant Protection Act of 2019. The landlord had applied for deregulation in a timely manner, but the DHCR's slow processing ...
A new law regulating tenant screening fees, in an effort to protect renters and provide more transparency in the rental application process, will take effect May 1. Signed into law from a bill ...
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