Search results
Results from the WOW.Com Content Network
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.
On June 11, 2019, State Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie announced that they had reached a "landmark agreement" on new rent laws. [6] Both houses of the New York state legislature passed the HSTPA on June 14, 2019, and Governor Andrew Cuomo signed the HSTPA into law later that day. [1]
The owners of New York's rent-stabilized buildings complain that persistent real rent cuts are "defunding" their buildings. Amendments to New York's rent stabilization law in 2019 largely ...
"Since 1969, New York’s rent stabilization law has provided affordable housing for millions of New Yorkers, preventing displacement and combating homelessness, and we will continue to challenge ...
The Supreme Court declined Tuesday to hear challenges to New York’s rent stabilization laws, which impose strict rules on how landlords can lease some units in the Empire State.
Rent regulation is a system of laws for the rental market of dwellings, with controversial effects on affordability of housing and tenancies. Generally, a system of rent regulation involves: Price controls, limits on the rent that a landlord may charge, typically called rent control or rent stabilization
The U.S. Supreme Court keeps putting off deciding whether to take up a challenge to New York's rent control scheme.
DHCR has had significant oversight issues and received criticism over the years, particularly regarding its role in the regulation and enforcement of rent stabilization laws. [3] Tenants and advocacy groups have frequently pointed to several failures and systemic issues that have adversely impacted New York tenants.