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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.
For many decades, the New York metropolitan area has suffered from an increasing shortage of housing, as housing supply has not met housing demand. As a result, New York City has the highest rents of any city in the United States. [1] The New York metropolitan area has long-standing exclusionary zoning practices, which were frequently rooted in ...
The city's Rent Guidelines Board approved a nominal 2.75 rent increase for one million rent-stabilized apartments. That's below the year's 3.3 percent inflation rate.
William A. Moses, the founder of the Community Housing Improvement Program, a trade association that represents the owners of over 4,000 apartment buildings in New York City, said in 1983 that rent control was "the principal reason for neighborhood deterioration" and that at least 300,000 apartment units would have been built in New York City ...
The city of New York recently voted to allow an increase in prices for rent-stabilized apartments. ... New York City's Rent Guidelines Board voted to approve rent increases. One-year leases will ...
New York City's modern rent stabilization system, enacted in 1969, was designed to address a shortage of affordable housing by capping rent increases and curbing the authority of property owners ...
The 1918–1920 New York City rent strikes were some of the most significant tenant mobilizations against landlords in New York City history. [2] A housing shortage caused by World War I had exacerbated tenant conditions, with the construction industry being redirected to support the war effort. In addition, newly available defense jobs ...
He continued, “As of my knowledge, you could expect to pay anywhere from $2,000 to $3,500 monthly rent for a one-bedroom apartment in Manhattan, while prices might be lower in the outer boroughs ...
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