New York is Closer to “Universal Rent Control” Than You Think

Tuesday, March 5, 2019

Ken Fisher is quoted in City & State New York on efforts to reform existing rent stabilization laws. According to the article, Upstate Downstate Housing Alliance, a coalition of activist groups, is advocating for tenant protections and has laid out a universal rent platform consisting of several pieces of legislation. One of the bills included, the “good cause eviction bill,” would make it so landlords cannot evict tenants if those tenants cannot afford a rent increase that is greater than 1.5 times the percentage change in the area consumer price index. Ken suggests that this could create challenges for owners of homes with fewer units.

“I think this places an unconscionable burden in any form on owners of smaller properties,” said Ken.

To read the full article, click here

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