The Struggle: Relief Needed For Landlords Of New York City Rent-Regulated Housing

Over the last four years, landlords of rent stabilized buildings in New York City have faced a number of challenges—onerous new regulations, an eviction moratorium, rent arrears and increased expenses for insurance premiums, taxes and debt. In response, industry leaders have stepped up to advocate for owners by seeking relief in the Supreme Court, New York State Capitol and City Hall.

Supreme Court Challenge to Rent Stabilization

The Community Housing Improvement Program (CHIP) and the Rent Stabilization Association (RSA) petitioned the Supreme Court last May to examine the constitutionality of rent stabilization after New York State lawmakers passed the Housing Stability and Tenant Protection Act (HSTPA) of 2019, which introduced new provisions governing the City’s 1 million regulated units.