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The state of New York took over when federal regulation ended in 1950. Under the first permanent state laws in 1951, New York took a similar regulatory approach to the federal government. At the time there were about 2,500,000 rental units statewide, 85% of them in New York City.
Skyline Tower, previously known as Court Square City View Tower, is a residential skyscraper in the Long Island City neighborhood of Queens in New York City. [ 1 ] [ 2 ] The building topped out in October 2019, surpassing One Court Square to become the tallest building in Queens at 762 feet (232 m). [ 3 ]
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 ...
The decision comes after the City of New York's Rent Guidelines Board voted last week to increase rents for rent-stabilized apartments by 2.75% for one-year leases and 5.25% for two-year leases.
The red-hot rental market in the U.S. is showing signs of cooling. Prices are still up from this time last year, but August 2022 was the first time the market experienced a single-digit growth in ...
Many renters across the United States are struggling with significant hikes in rent prices. While an annual increase is usually expected at a reasonable rate, all bets are off in the current ...
The rent increases were challenged in court by the Waterside Tenants Association and the developer agreed to settle the case in 1997 by offering lower rent increases compared to those that had been approved by the New York City Department of Housing Preservation and Development. [30] [42]
At 811 feet (247 m), The Orchard, a residential skyscraper in Long Island City, is the tallest building in Queens, and the second tallest building in New York City outside of Manhattan. [1] It surpassed the nearby 763-foot (233 m) Skyline Tower , which was Queens' tallest building from 2021 to 2024, and remains the tallest residential building ...