Foreclosure filings are on the rise as property owners struggle to pay off their debt

Landlords are running out of options for relief

Want to end apartment warehousing? Ease up on rent-control laws

New Yorks rent control laws are cratering the city’s housing supply

Supremes lately have stood up for property rights, backing owners with 6-3 votes in several key cases.

The Supreme Court must say no to New York’s insane rent control schemes

There’s a statute of limitations for everything except murder, rape, and being a landlord,

Fines start today for owners leasing to unlicensed dispensaries

Fines up to $10,000 on landlords who knowingly lease commercial space to unlicensed marijuana

The groups both represent rent-stabilized landlords in New York

Landlord groups have similar members, vastly different styles

Additional inspections and lead removal mandated, over owners’ objections

Rent-stabilized buildings constructed before 1960

The Legislature now wants a presumption of landlords’ intent to defraud if they got any of the details wrong

Lower the bar for “proving” a tenant was fraudulently overcharged on rent and vastly expand the “lookback period”

Clients losing their apartments and going to stay at a shelter is something that the city doesn't want because it costs more to house people in shelters than it is to keep people in their current apartments and stabilized

NYC social services agency is rejecting tens of thousands of tenants who apply for emergency assistance loans to cover their […]

two-year leases by 2.75% in the first year of the lease, then by 3.2% of that adjusted rent for the second year of the lease

3% increase on one-year lease

The Assembly passed the anti-Frankensteining legislation late Tuesday

Once apartments are combined, landlords can set whatever rent they want

The measure seeks to make it easier for tenants to show past rent overcharges amounted to fraud

CHIP says housing chairs tried to sneak measure through

It is now an abatement-only program that lasts for up to 20 years

Lawmakers approve multifamily upgrade incentive at last minute

Safety concerns aside, owners say the more immediate worry is an inability to be heard at a crucial vote

Owners retreat to Zoom after tenant protest derails meeting

Local Law 18 requires hosts on Airbnb and other home-sharing platforms

After Airbnb suit, Local Law 18 crackdown won’t begin until September

The city has struggled to crack down on unlicensed weed dispensaries

Measure seeks to fine owners who lease to unlicensed dispensaries

Comprehensive reforms that actually address the housing crisis from a lot of different angles

Open New York’s Annemarie Gray says pols see no cost for inaction

Since state legislators let the property tax break expire last June

Dramatic storylines have emerged from tax break’s expiration

Owners say it won’t do a thing to bring apartments online.

City bill to let tenants report hazards in vacant units gets hearing

The lies, tricks and even supposed watering-down can’t cover up the core problems with the bill

Requiring landlords to have a good reason to evict anyone is fair, right

Rent control as we know it would be in jeopardy.

Activists jumped on stage, but Supreme Court could steal the show

Landlords Watchlist,” thanks to the creation of another, even more ignominious list.

“Worst Landlord Law” aims to shame owners who falsely certify fixing infractions

Legislature introduced a bill that would let owners hike rents after renovating vacant units, allowing for the repairs required to bring those much-needed apartments back online.

CHIP’s Jay Martin calls withdrawals “not really that big of a deal”

5% rent increase for one-year leases on stabilized apartments and a 4% - 7% hike for two-year leases

Middle-ground proposal immediately panned by both landlord, tenant advocates

Nearly four years ago, landlord groups filed a federal lawsuit challenging New York’s newly minted rent law, expecting to fail at every level

Owners’ last, best shot to end rent stabilization in New York

Would mark the largest rent hikes since 1989

Rent Guidelines Board report proposes up to 8.5% bump as landlords’ costs balloon

The city is launching a $10 million pilot program to help landlords repair vacant

Landlord groups say $25K-per-unit pilot program falls short

Raising the FAR cap also would have eased office-to-residential conversions

Real Estate Board of New York has estimated that without such an extension, some 32,000 planned apartments would not be […]

Developers continued to back Hochul as she sought to center housing as her top priority

Hochul also pitched extending the deadline to qualify for an expired tax abatement known as 421a if developers can complete […]

Last year the Rent Guidelines Board approved the steepest increases in nearly a decade

Landlords want higher-than-average increases for NYC’s one million rent-stabilized tenants

“If this bill comes to pass, a lot of small housing providers will have to sell”

Imposing rent controls on the city’s 1.4 million market-rate apartments for the first time

Bill would cap rent increases on market-rate units at 3% or 1.5% of the consumer price index, whichever is higher

Would impose rent controls on market-rate buildings in the five boroughs

Rent stabilization covers about 900,000 apartments in New York City and additional rentals in its suburbs

Plaintiffs plan to petition the Supreme Court next

Even those convicted of murder and other heinous crimes

A controversial bill prohibiting Big Apple landlords from performing criminal background checks on prospective tenants

In 10 months, the rent aid program has received just a sprinkling of additional cash

Mom-and-pop owners protest failures of state’s rent relief

The governor also committed about $800 million to the Emergency Rental Assistance Program in the state budget

Washington reallocates $100M to New York

The bill had also included good cause eviction protections for tenants

Comptroller proposes similar program to temporarily legalize basement, cellar units

2019 rent law ended so-called luxury decontrol

As part of the deal, they must reset rents to legal rates, refund tenants the difference, and once again offer […]

Housing Stability and Tenant Protection Act, a sweeping rent reform passed by the state Legislature in 2019, dramatically limited landlords

Landlords blame the state’s rent law for making repairs a money-losing proposition; lawmakers don’t believe them

Legislative chatter this spring was that landlords and tenants might trade the passage of one policy for the other so that both sides went home with something.

The bill’s failure was a blow for groups like Housing Justice For All, which has rallied relentlessly to pressure the […]

Mayor Eric Adams says he wants to support small landlords

Some Democrats are calling proposed increases for NYC roughly one million rent-stabilized apartments

Episode 043 – What is Good Cause Eviction? Nothing Good!

After listening you will clearly understand why passage of this Bill will be GOOD for nothing!

Landlords have also spent 25% of their income on property taxes, above the board’s findings of 20%.

Two weeks after the Rent Guidelines Board’s staff floated rent hikes of up to 4.5 percent on one-year leases for […]

LRAP gets $125 million$35 million to provide legal help to tenants being evicted

ERAP gets $800 million

Landlord groups had estimated that the state needed at least $2 billion to cover the 126,000 pending applications

Federal allocation is 7% of what state requested

The good cause bill would give tenants a defense against eviction in housing court if their rent is raised by more than 3% or 1.5 times the regional inflation rate, whichever is higher.

Experts say the unions’ push could draw lawmakers’ attention to the good cause campaign

Rent-stabilized apartments were now “significantly devalued” compared to market-rate rentals.

Landlords argue that the rent-regulation system violates their constitutional property right

Prevent owners of buildings with 12 or more units from reclaiming apartments for personal uses

“Good Cause Eviction” bill will strictly limit rent increases and evictions on New York City renters.

Adams had long ingratiated himself with real estate executives

New mayor to tackle, including quality-of-life issues, faster permitting and zoning changes

Legislature has until April 1 to sign off on a budget

Relief needs approval by the state legislature and would take months

“It may as well be called the ‘lease for life’ bill because it would render the most basic provisions of rental apartment leases legally insignificant.

It would strip landlords of their ownership rights

Incentive is available for residential renovations and conversions

Beginning in 2024, new buildings in the city will go electric

Formerly incarcerated people are more likely to be homeless

The bill would have created a liability for owners and a worry for tenants

J-51 abatement and exemption program for the next six month

Committee votes to advance bill reviving tax break for multifamily repair

Law lifts the dollar values of state vouchers to 100 percent of the federal fair market level from 85 percent

Signs law raising renting power of homeless New Yorkers

Landlords would be able to evict tenants if they perpetrate violence

The bill, landlords would be blocked from running criminal record checks

The city’s bill applies to all apartments, not just rent-stabilized ones.

Bill would prevent residential landlords from seeking early termination fees

Emergency rental assistance will stop accepting new applications Sunday night

Gov. Hochul has asked for almost $1 billion in additional funding

Low-income renters who are more likely to receive federal housing assistance through public housing authorities or voucher program

Letter by CA, IL, NY officials, among others, asks HUD to stay proceedings on low-income tenants who applied for relief

Kathy Hochul signed legislation that punts the deadline for keeping or killing rent stabilization to July, more than four years later than the last survey release.

Gov. Hochul signed legislation delaying verdict until mid-2022

Yes, we need to pass good cause eviction

Tenants facing rent hikes of more than 3 percent or 1.5 percent of inflation — whichever is higher — would […]

The court ruled in favor of the tenants

After federal court said law may be unconstitutional, ruling on personal liability clauses could have broad implications

Position that has the ability to sway land use decisions

Brooklyn borough president, showered with real estate money in campaign’s final months, will be city’s 110th mayor

Landlord cannot be passed along to tenants

Existing buildings would have until 2026 to comply

Paid out to more than 40,000 households.

As of September 22, the state has allocated $1.6 billion in federal funds

Households in the state would have $8.58 billion to spend including $5.8 billion for city residents.

Universal access would expand aid to four times more households

Commercial Rent Control Proposed Again as NYC Retail Reels From Pandemic

Enacting Commercial Rent Stabilization will significantly damage New York City’s economy and impair the viability of conducting business in NYC.

Dismissed suits argued that the rent law is unconstitutional

Third lawsuit awaiting arguments in Second Circuit

Treasury tried a new approach to get money out the door

Gov. Kathy Hochul touts $1.2B set aside for landlords, with $399M paid out

We hope she’s a common-sense Democrat who will do the right thing for all people

Hochul has the experience and bold ideas to navigate the serious threats facing New York

Adams still has four months to continue making his mark in Brooklyn

Developers wished Adams defended more vigorously projects he supported

Moratorium extened to January 15, 2022

State legislature passed an extension on the state’s eviction moratorium

Lawyers say the proposed workaround won’t cut it

Draft legislation does not make tenants produce evidence of hardship

Newly sworn-in governor plans to hire additional staff to process applications and identify holdups

“I am not at all satisfied with the pace that this COVID relief is getting out the door,”

Of the state’s $2.6 billion in federal rent-bailout money, less than $100 million has been doled ou

Billions of dollars have yet to be distributed by the state to help renters and landlords

She had a history of being a responsible, thoughtful leader

Issues crucial to industry on deck for incoming governor

$3 billion of the $46.6 billion Congress allotted in rent relief has reached those who need it

Local logjams have meant just $3B of $47B has been sent to tenants, landlords

Long-term capital gains and qualified dividends for taxpayers with income over $1 million from 20% to 39.6%, beginning retroactively from April 2021

Key items you should be aware of if your business is in the real estate industry

You keep thinking it can’t get more expensive, that cap rates can’t go lower and prices can’t go higher

Collections, vacancy and rent are at, or above, pre-pandemic levels and investors are all in

mayor to expand and strengthen an existing program that offers one-time assistance to tenants with rent arrears.

One Shot Deal funds $150M in rent arrears each year; a progressive think tank wants Eric Adams to double that

The state has a $2.7 billion pot of funds to be distributed, but only a tiny sum has made its way to landlords since applications finally opened June 1

State has distributed just $117K in rent relief from $2.7B pot, with 160K applications filed

“Unreasonable” is defined as any increase exceeding 3 percent of the annual rent

Tenants can’t be evicted for nonpayment of rent in cases where an “unreasonable” increase in rent occurred

Adams’s eight-year history shepherding the East New York, Brooklyn, rezoning and bolstering multifamily high-rises in Downtown Brooklyn and Williamsburg

The Brooklyn borough president emerged as a palatable choice for developers and brokers

In a 5-to-4 ruling late Tuesday, the Supreme Court rejected an emergency request to vacate the ban

Split-court ruling means landlords must endure for at least another month

The limitation on like-kind exchanges coupled with increased tax rates on long-term capital gains could cause the 2022 tax bill of high-income real estate professionals to skyrocket.

Biden’s newly released Green Book provides further detail surrounding his tax proposals.

Study found that 88% of replacement properties acquired through 1031 exchanges were disposed of through a subsequent taxable sale

This section of the tax code has benefited investors large and small for 100 years.

Mayoral candidates thought to be especially amenable toward real estate interests

Of the three likeliest winners, two — Eric Adams and Kathryn Garcia — have signaled they’re pro-development

Capital gains tax hike would be retroactively applied to assets sold after April 2021.

Capital gains above $1 million from top bracket rate of 43.4% in New York State and city taxes are added, […]

Twelve organizations representing landlords, brokers and developers sent a letter to President Biden on Friday

Federal moratorium set to end June 30; but tenant advocates maintain wave of evictions will follow

The J-51 ball is now in the city’s court.

Program to subsidize renovations expired a year ago

Among the top eight candidates, several could be seen as allies by real estate.

Differences emerge on industry donations, housing policy, taxes

Values would increase to $1,945 for a one-bedroom or $2,217 for a two-bedroom

Bill would increase subsidies for homeless New Yorkers to federal levels

The state legislature approved the $2.7Bprogram in the budget that passed in early AprilThe state legislature approved the $2.7B program in the budget that passed in early April

Program will allocate $2.7B to tenants, landlords hit hard by pandemic

Fighting an uphill battle, plaintiffs set their eyes on a sympathetic Supreme Court

Five separate suits challenging the law’s constitutionality are still taking up space on court dockets.

51% of tenants in a rental building must agree to buy their unit for a conversion to take place

Post-2019 change, 51% of tenants must buy into conversion plans

New York renters will have another lifeline when the statewide eviction moratorium sunsets.

Mayor signs bill giving representation to all low-income renters facing eviction

It is unclear how the state will need to revise its program based on the new guidelines

State must offer funds directly to tenants if landlords choose not to participate in the program

Landlords who accept it can’t evict a paying tenant for a year

New York landlords and tenants will gain access to $2.3 billion in federal aid allocated by the state.

Certain residential and commercial tenants can now avoid eviction until at least Aug. 31.

Frustrated landlords demand Albany get rent aid out the door

100 days into his administration, the president has called for partially eliminating like-kind exchanges.

Uncertainty surrounding capital gains tax break lingers

With just four days until its preliminary vote, the city’s rent board is still one landlord voice short.

Real estate groups say lack of representation is par for the course

Albany legislators are expected to vote Monday to extend the state’s eviction moratorium until August 31s

Rent Stabilization Association, which represents 25,000 landlords, requested an increase of between 2 and 4 percent on one-year leases and 3 to 5 percent on two-year leases.

Property owners testified at Rent Guidelines Board’s Thursday meeting

A landlord fails to give a tenant the required notice, the amount they can raise rent during that one-year extension can drop to as low as 7%.

Tenants would have one-time option to extend leases up to a year

Landlords argue state lacks rational for extension

The extender bill is expected to go to a full vote in the Senate and Assembly later this week.

Biden officials leaked that they will soon propose raising the federal tax on capital gains to 43.4% from a top rate of 23.8% today.

Make that more than 55% if you live in New York or California.

$4.3B in “temporary” tax increases on the personal income of New York’s highest earners and on corporate income.

More than $2 billion in federal and state rent relief, but also tax hikes exceeding $4.3 billion.

Landlord, tenant groups voice concerns about certain provisions.

Newly bill, would bar evictions and rent increases for one year in cases where landlords accept aid.

New York has $2.3 billion from the federal government

Albany finally have the big bucks to pass a substantial relief program as part of the state budget

It’s estimated that between 800,000 to 1.2 million households in New York collectively owe more than $2 billion in rent

Second Round of Rent Relief Reached Even Fewer People Than First

The Senate proposal would prevent landlords receiving rent relief from evicting tenants for nonpayment

Senate and Assembly released their one-house budget resolutions, providing a snapshot of each chamber’s priorities

In his decision, Ramos said the landlords “knowingly entered a highly regulated industry,” according to the report.

Judge says landlords have no constitutional right to “unregulated market”

Cuomo first announced a State moratorium on residential and commercial evictions on March 20 last year for a period of 90 days.

The state legislature is set to extend the eviction moratorium on small businesses and landlords with fewer than 10 apartment […]

The bill includes a variety of measures to provide relief to households, businesses, public institutions, and local governments.

$23.5 billion will be allocated for New York.

Five small landlords sue AG Leitia James over hardship declaration requirement

Blanket moratorium on evictions is unconstitutional.

Mayoral contenders have tapped into several discussions about curbing for-profit development.

Differences emerge on industry donations, housing policy, taxes

Assistance is available, and how to apply so you can take advantage of this program

Commercial real estate investors that can be accessed through state and local governments

More than 30 Assembly members called on Heastie to push for the inclusion of $2.25 billion in rent relief in the 2021 state budget

Assembly members also want rent debt forgiveness for tenants

That proposal hasn’t progressed much, but state officials are now taking steps to push that vision forward.

Measure on accessory dwelling units comes with rent control

The real estate community's alarm over a recent proposal to install sprinklers in every apartment highlighted landlords

Rising liability insurance costs, and delays in city approvals that are making it increasingly challenging to break even financially.

54% of New York state voters believe the Biden presidency will be good for New York

Real estate leaders support Biden’s plan for $25 billion in rental assistance

Evictions, emissions, infrastructure among governor’s priorities

Commercial eviction ban | Office and hotel conversions | Emission cap workaround | Tax and disclosure changes | Infrastructure

Commercial tenants would not be required to disclose the amount of relief they have already received

Ban evictions of businesses with fewer than 50 employees until May 1

We think the arguments laid out in our brief and supported by the amicus filings today will be successful

We look forward to restoring property rights to thousands of property owners

President Joe Biden is extending federal limits on evictions through at least the end of March.

Biden is expected to move quickly to extend protections for renters, Bloomberg reported, and may sign an executive order within […]

Provides no relief to landlords and mortgagees, no way to force the property to be income producing

If a tenant files a Hardship Declaration with an Owner, the Owner cannot bring an eviction proceeding before May 1, […]

New York’s real estate leaders have applauded Governor Andrew Cuomo’s plans to rebuild the economy after COVID, which includes converting surplus commercial space into housing.

Plan to rebuild the economy also included legalizing adult-use cannabis and online sports betting tax to help plug a $15 […]

Limits on ousting tenants will be in place until May 1

Cuomo had previously said he intended to extend existing legislation limiting evictions, portions of which were to expire at the […]

State lawmakers are racing to pass legislation before the end of the year to significantly expand upon the existing limits on residential evictions.

Move comes hours after governor says current regime will be extended

Congress has finally reached a deal on a relief package that includes $25 billion in rental assistance, of which New York would receive $1.3 billion.

Landlord groups say it’s a good start, but not enough

Its omission of funding for city and state governments, however, means real estate will have to fight next year, in New York and probably elsewhere, to stave off tax increases.

Holes in the federal aid package will hurt the industry starting next year

The Albany Democrats' progressive agenda is making some in the real estate community jumpy.

Since the mid-terms, Democrats have held the majority of seats but a supermajority allows Democrats to override any veto from […]

The New York mayoral race may pivot on how well the candidates address a long list of housing policy proposals put forth by a wide-ranging coalition.

A coalition of housing groups releases a blueprint that includes rezoning affluent neighborhoods, legalizing basement apartments and turning hotels into […]