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>
Search Results for: Rent Regulation
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.
Albany: Protect Working New Yorkers through Stronger Rent Regulation
There are 1.1 million rent regulated apartments in New York City, housing approximately 2.5 million people. Rent regulation is the largest source of affordable housing for low-and moderate- income tenants, and is mostly concentrated in rapidly gentrifying communities with a majority population of people of color. It is a resource that we are rapidly losing to deregulation.
Governor Announces $514k Settlement Against Landlord for Overcharging Rent
On February 14, 2024, New York State Governor Kathy Hochul announced a settlement of $514,000 by New York State Homes and Community Renewal Tenant Protection Unit (TPU) against Manhattan landlord Steven Croman of Centennial Properties for unlawfully defrauding renters. Croman was found guilty of engaging in a scheme to lease regulated units for less than one or two years which in turn made apartments unavailable for New Yorkers in search of safe, stable housing. The … <Read More>
Mayor’s Office of Special Enforcement Brings Suit Against Illegal Short-Term Rental Operation
The lawsuit alleges the owner conducted around $2 million in illegal transactions for short term rentals over the span of four years. On Monday, July 12, Mayor Eric Adams and Executive Director of the Mayor’s Office of Special Enforcement (OSE), Christian J. Klossner, held a press conference to announce a lawsuit against an illegal short-term rental operation in Manhattan’s Turtle Bay neighborhood. The administration officials were joined by Rich Maroko, president of the Hotel Trades … <Read More>
Governor Cuomo Signs Sweeping Rent Control and Rent Stabilization Reforms into Law
The law places limits on various mechanisms through which landlords of rent-regulated units can raise rent and provides many other protections for tenants. On June 14, 2019, Governor Andrew M. Cuomo signed into law the Housing Stability and Tenant Protection Act of 2019, which Cuomo called “the most sweeping, aggressive protections in state history.” The legislation extends and strengthens rent protections for tenants across the state and went into effect before the expiration of the … <Read More>