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Rent regulation in New York is a means of limiting the amount of rent charged on dwellings. Rent control and rent stabilization are two programs used in parts of New York state (and other jurisdictions). In addition to controlling rent, the system also prescribes rights and obligations for tenants and landlords. [1]
The New York State Division of Housing and Community Renewal (DHCR) is an agency of the New York state government [1] responsible for administering housing and community development programs to promote affordable housing, community revitalization, and economic growth. Its primary functions include supervising rent regulations through the State ...
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 value of rent-stabilized buildings has collapsed since 2019, causing financial turmoil for banks that lent heavily to New York's multifamily industry. The new generation of rent control ...
Santa Ana, California, limits annual rent increases to 3% for any apartments built before 1995, which is below the state’s rent control cap of 5% plus local inflation.
Recent reports estimate that there are over 1 million rent-stabilized apartments in New York City. That means that almost half of the city's rental units are subject to rules that keep rents cheap.
This is an accepted version of this page This is the latest accepted revision, reviewed on 26 November 2024. Regulations to reduce increases in housing rents "Rent control" redirects here. For other uses, see Rent control (disambiguation). Part of a series on Living spaces Main House: detached semi-detached terraced Apartment Bungalow Cottage Ecohouse Green home Housing project Human outpost I ...
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.