“Short-term rental income was, for many of these families, not a luxury. It was the margin between keeping the house and losing it. Local Law 18 closed that door, and…
Tenants erupted into cheers when the motion passed inside a packed Museo del Barrio in East Harlem. “I kept saying, just like the Knicks won the championship, let’s make history…
The Mamdani administration claimed a partial victory when it got the new owner of 5,000 rent stabilized units to promise repairs and to clear housing code violations. It looks like…
The Rent Guidelines Board pushed the mayor’s rent freeze promise forward Thursday night, advancing a preliminary range of rent levels that includes no increase for the city’s rent stabilized tenants.…
A report from the Rent Guidelines Board, which sets allowable rent increases for stabilized units in the city, showed that landlord net income was up—but not as much as last…
A bankruptcy judge denied a motion from the Mamdani administration to delay an auction of 5,000 rent stabilized units tenants hoped to preserve, in an early blow to the mayor’s…
“To be sure, a small (and often overstated) segment of rent stabilized buildings face real financial distress. Adding to the rent burdens of a million households to save these outliers…