February 09, 2024

Want an NYC apartment under $2,400? Good luck with that

Low-income renters most affected by the shortage

Vacant NYC apartments dropped to its lowest point in more than five decades last year

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January 04, 2024

Landlords late to register 46K rent-stabilized apartments could soon face monthly fines

Registered units dropped from just under 945,000 during the 2022 state fiscal year to 898,789

New fines would most likely hit property owners with smaller portfolios who handle their own bookkeeping and filing

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January 02, 2024

Hochul signs rent bill that landlords call “disaster”

Measure liberally defines fraud, limits rents for combined apartments

bill signed that expands the definition of fraud in rent overcharge cases

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October 11, 2023

Supreme Court could still take down NYC’s insane rent-control regime

The court of public opinion needs to consider these facts

The decisions are political, not economic

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September 28, 2023

It makes sense, and saves dollars, to keep the unit vacant

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

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

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September 28, 2023

Insurance companies routinely deny NYC buildings with subsidized tenants

Practice is now raising concerns among state and federal insurance regulators

Property owners, the rejections can set off a scramble for coverage

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September 28, 2023

More than 13K rent-stabilized units in NYC are sitting empty for multiple years, report finds

5% of rent-stabilized apartments were registered as empty last year

“warehousing” low-cost units, according to a new review of state data

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September 28, 2023

Another rent-stabilized landlord faces foreclosure

Rent-stabilized buildings struggling against the financial straits of New York’s 2019 rent law.

Loan servicers filed foreclosure suits Friday against four buildings owned by

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September 28, 2023

Distress in rent-stabilized buildings rises to surface

Brokers say distressed sales of rent-stabilized buildings have ramped up

More signs emerge that law aimed at bad actors has put entire asset class at risk

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August 30, 2023

Landlords say new vacancy study supports their claims

13,362 apartments had been empty for two consecutive year

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August 14, 2023

Rent Stabilization Association, CHIP discussing merger

The groups both represent rent-stabilized landlords in New York

Landlord groups have similar members, vastly different styles

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August 14, 2023

More lead-paint laws coming for NYC landlords

Additional inspections and lead removal mandated, over owners’ objections

Rent-stabilized buildings constructed before 1960

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June 22, 2023

Rent board approves 3 percent hike amid tenant-induced chaos

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

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June 22, 2023

NY lawmakers close ‘Frankenstein’ loophole used by landlords to spike regulated rents

The Assembly passed the anti-Frankensteining legislation late Tuesday

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

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June 20, 2023

Landlords in panic about last-minute Albany bill

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

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May 19, 2023

Landlords get rent bill; tenants scare off some sponsors

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”

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May 19, 2023

City rent board eyes up to 5% rent hike in preliminary vote

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

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May 19, 2023

Landlords take rent law challenge to Supreme Court

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

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April 28, 2023

Rent board staff recommends largest rent hike in 30 years

Would mark the largest rent hikes since 1989

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

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April 28, 2023

City to fund repairs to vacant rent-stabilized apartments

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

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

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April 18, 2023

Beware NY progressives’ push for universal rent control

“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

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April 18, 2023

Rent-control bill would drive out small landlords

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

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February 08, 2023

Second Circuit rules against landlords’ rent law challenge

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

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January 26, 2023

More rent-stabilized decay on the way

Law’s reform in 2019 eliminated the 20 percent rent hike allowed when stabilized units became unoccupied

CHIP poll shows where landlords are cutting corners

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January 19, 2023

Rent-SEtabilized apartments

Making it more difficult for landlords to cycle affordable apartments

Essential knowledge

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January 19, 2023

Can I use my rent-stabilized apartment as an Airbnb?

Stabilized tenants have limits on what they can charge guests

A new NYC law requires hosts to register their short-term rentals

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