The proposed laws seek to enforce existing State regulations by increasing illegal hotel fines and reporting requirements. On October 30, 2015, the City Council Committee on Housing and Buildings heard testimony on three proposed laws that seek to ramp up enforcement of state laws that prohibit the operation of illegal hotels. The proposed legislation would regulate only those residential units located in multiple-dwelling buildings—not one- to four-family homes. The proposed legislation is intended to address … <Read More>
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State Legislature Extends Rent Regulation, 421-a
Deal is retroactive to the programs’ expiration on June 15. On June 25, 2015 the New York State Legislature passed a bill extending rent-regulation protections for New York City. The laws had expired on June 15, and the Legislature temporarily extended its session to allow time for working on a longer-term solution. On March 11, the New York City Council passed an extension of the City’s rent-stabilization laws, as well as a package of resolutions … <Read More>
Deal Near in Albany on Extension of Rent Regulation
Framework of extension deal includes rent regulation, 421-a. On June 23, 2015 Governor Andrew Cuomo, joined by Assembly Speaker Carl Heastie and Senate Majority Leader John Flanagan, announced the framework of a deal on extending rent-regulation protections for New York City. The laws expired on June 15, and the Legislature temporarily extended its session until June 23 to allow time for working on a longer-term solution.