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Cuomo warns of "explosion" if rent laws expire

The fight in Albany over New York's 1 million rent-regulated apartments could trigger a political counterblast if the state Senate and Assembly cannot come to terms, Gov. Andrew Cuomo warned... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJun 12th, 2019

Rent overhaul will wipe out local owners, warns CHIP

Governor Andrew Cuomo looks set to approve the biggest package of rent reforms ever introduced in New York. And if he does, thousands of local owners will throw in the towel, leaving the city’s rental apartm.....»»

Category: realestateSource: realestateweeklyJun 13th, 2019

Senate, Assembly leaders vow "strongest rent package ever"

With little more than two weeks before New York's rent-regulation laws expire, the Democratic leaders of the state Senate and Assembly are presenting a united front.In a joint statement Tuesday,... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJun 3rd, 2019

Rent reforms would restore a system that worked

To the editor: Re “:” Despite what powerful lobby groups might say, New York must protect and strengthen the city’s rent regulations when the current laws expire in June. Some groups that are... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 21st, 2019

Rent regs on the table

The state laws governing expire June 1, but there is a broad consensus in the Legislature to renew them. So the debate this year will be about how much to tilt them in favor of tenants. That's a... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 9th, 2019

NYC might be left out of prevailing-wage bill

New York City might be excluded from the expansion of the state's prevailing-wage laws.Gov. Andrew Cuomo is pushing to exempt the city from a bill that would expand the definition of public works... To view the full story, click the title link......»»

Category: blogSource: crainsnewyork16 hr. 18 min. ago

How new rent laws in N.Y. help all tenants

The rules affect evictions, security deposits, application fees and more, and could have an impact on policies in other states......»»

Category: topSource: bizjournalsJun 23rd, 2019

Attorneys look for legal challenge to rent Act

Ever since the new rent regulations — all 74 pages of them — were signed into law by Governor Andrew Cuomo on Friday, real estate attorneys have been scrambling to determine what this means for the city’s property owne.....»»

Category: realestateSource: realestateweeklyJun 19th, 2019

Changing rent laws could spark new financial crisis

By Jonathan Lewis, Founder, JLJ Capital There’s been tons of press over the last few weeks and months about the housing crisis in New York City and the shortage of affordab.....»»

Category: realestateSource: realestateweeklyJun 19th, 2019

Real estate interests spend big on rent-control renewal debates: report

Real estate interests have spent big each time New York's rent-control laws have come up for renewal in the past two decades, easily outpacing small donors.So read the findings of a report issued... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJun 12th, 2019

Rent reform: We’ve just created the next NYCHA

State Democrats’ sweeping overhaul of rent-regulation laws do away with incentives in place for more than 20 years to encourage investment in housing. Some people say the changes could have been... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJun 12th, 2019

Cuomo promises to sign rent-law package

Gov. Andrew Cuomo is ready to lay down the law on rent regulations.The Democrat on Wednesday reiterated his promise to sign whatever legislation the state Legislature passes to renew and reform the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJun 12th, 2019

Deal on NYC tenant protections will be signed, governor says

Gov. Andrew Cuomo said Wednesday that he will sign a deal negotiated by legislative leaders that would strengthen rent stabilization rules covering more than a million tenants in and around New York City......»»

Category: topSource: foxnewsJun 12th, 2019

New York"s rent laws will be renewed, and so will its housing emergency

Regu… residential rents is like trying to make a balloon smaller by squeezing it: Every action creates another problem. The outcome is a tangle of rules and a market worse off than if it had been... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJun 3rd, 2019

Cuomo: Reform, don"t abolish, laws that pass renovation costs onto tenants

Gov. Andrew Cuomo still wants landlords to get their money's worth.The governor on Friday seemed to reject calls from some lawmakers and activists for the state to eliminate two tools that property... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJun 3rd, 2019

Rent spikes, gig jobs among bills facing legislative action

The California Legislature faces key decisions this week, including trying to reign in police use of force, prevent rent spikes, and alter labor laws affecting workers in the gig economy......»»

Category: topSource: foxnewsMay 26th, 2019

Landlords team with tenant advocates on rent subsidies push

Cuomo administration officials say they support efforts by AARP to stem the rising for New Yorkers. More than 100 AARP volunteers from across New York rallied at the state Capitol Tuesday to... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 17th, 2019

Lenders may face slump on rent control changes, analysts say

Banks exposed to New York City lending were rare decliners in Thursday trading, extending Wednesday’s losses as analysts dug into worries that Democrats eyeing set to expire next month pose a risk... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMay 17th, 2019

REBNY warns against Democrat-supported rent regulation reform measures

The Democratic chairwoman of the House Appropriations Committee sharply criticized the Trump administration for not including “even 1 cent” for a rail tunnel linking New Jersey and Manhattan, while... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 11th, 2019

Capitol Business Preview: Colorado legislators consider local rent control

The state banned local rent-control ordinances in 1981, but the housing-affordability crisis has gotten so acute that some Democrats believe such laws are a needed tool moving forward......»»

Category: topSource: bizjournalsApr 8th, 2019

Tenant groups step up pressure for stronger rent laws

When it comes to property-tax pain, New York is hard to beat. Owners of single-family houses in the city and surrounding suburbs paid an average of $9,700 last year, topping a ranking by Attom Data... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 7th, 2019