New York Rent Control: From Bad to Worse

New statewide rent control laws have thrown the New York City apartment market into turmoil, with prices of properties impacted dropping sharply overnight and the possibility that it will lead to the deterioration of housing stock and depress the amount of supply. The law – the Housing Stability and Tenant Protection Act of 2019 – [...]

2019-07-19T10:48:32-07:00July 19th, 2019|Uncategorized|

Julia Salazar calls legal challenge to rent law “hypocritical and unethical”

Real estate attorneys and lobbyists believe two landlord groups’ constitutional challenge to New York’s rent regulations could ultimately eliminate the practice of rent stabilization altogether. To that, tenant groups say: fat chance. Senator Julia Salazar, who led the push for Universal Rent Control in the new Democratic Senate, was unfazed by the legal challenge, filed on Monday by [...]

2019-07-19T10:43:16-07:00July 19th, 2019|Advocacy|

New York Landlords Call Rent Control Laws An ‘Illegal Taking’ In New Federal Lawsuit

New York landlords are attacking rent regulations in a new federal lawsuit, claiming that capping what they can charge tenants in rent is equivalent to an illegal taking of property. Last month, housing advocates in New York celebrated sweeping new laws that established rent control permanently and extended tenant protections beyond just New York City, allowing [...]

2019-07-19T09:52:37-07:00July 19th, 2019|Uncategorized|

New York Passed Sweeping, Progressive Rental Regulations. Now It’s Getting Sued.

New York's new rental regulations are an unconstitutional violation of landlords' due process and property rights, argues a new lawsuit filed this week in federal court. Late Monday, the Rent Stabilization Association (RSA) and the Community Housing Improvement Program (CHIP), two landlord trade groups, filed a lawsuit against New York City, its Rent Guidelines Board [...]

2019-07-19T09:44:21-07:00July 19th, 2019|Uncategorized|

Reno City Council Passes Rent Control

This week celebrates anniversaries of impossibilities. Man on the moon in 1969. The great New York City blackout of 1977 (and the huge spike in the northeastern birthrate nine months later). And the election of Reno Mayor Barbara Bennett in 1979 after she convinced the city council to vote for rent control. Last week [...]

2019-07-19T09:40:57-07:00July 19th, 2019|Advocacy|

Landlords Strike Back, Suing to Dismantle Rent Regulation System

New York landlords are striking back at new rent laws, filing a lawsuit on Monday night intended to dismantle the entire rent-regulation system, which dictates the rents of about 2.4 million tenants who live in nearly 1 million apartments. They are betting that the tighter laws passed in June will bolster their claims that [...]

2019-07-16T14:49:41-07:00July 16th, 2019|Advocacy|

Housing in Brief: California Rent-Control Bill Advances

California Rent-Control Bill Advances An “anti-rent-gouging bill” cleared a state Senate committee Tuesday, bringing the state of California closer to universal rent control, Curbed reports. The bill, which still has to clear another Senate committee as well as the full Senate, would cap rent increases at seven percent plus the rise in the consumer price [...]

2019-07-12T16:14:19-07:00July 12th, 2019|Uncategorized|

Toronto Set for Record Apartment Surge after Rent Control Lifted

Toronto’s apartment crunch is finally easing as new supply hits the market and the removal of rent controls leads to record units on the drawing board, according to a new report. The vacancy rate rose to 1.5% in the second quarter, the highest since 2015, when research firm Urbanation began tracking the data. Rent increases [...]

2019-07-12T16:09:35-07:00July 12th, 2019|Advocacy|

Rent Control Bill Struggles in California Legislature

SACRAMENTO — Lawmakers and landlords are haggling over how much California housing to carve out of a tenant protection bill that would cap rent increases and require a just cause for evictions. Although it passed in the state Senate Judiciary Committee late Tuesday, AB1482 faces continued opposition from groups representing apartment owners, developers and real estate agents [...]

2019-07-11T16:45:43-07:00July 11th, 2019|Advocacy|

California-Wide Rent Cap Advances despite Landlord Opposition

A bill that would impose a statewide rent cap and restrict evictions moved forward Tuesday, marking a victory for advocates who so far have been struggling to pass legislation aimed at easing the state’s housing crisis. Assembly Bill 1482, which would restrict rent increases on certain properties to an average of about 10 percent a [...]

2019-07-10T16:33:24-07:00July 10th, 2019|Advocacy|