A policy brief from NYU’s Furman Center warns of potential unintended consequences of the proposed “good cause” eviction legislation in New York. The bill, if passed, could extend rent regulation to the free market, potentially restricting development and limiting tenants’ housing choices. The legislation aims to provide anti-gouging protections, allowing tenants to challenge rent increases through Housing Court. The report suggests that the proposed protections in New York are more stringent than those in other cities and states. However, proponents argue that the guidelines are not a rent cap but rather an anti-gouging measure. The state’s budget deadline is one month away, leaving room for potential negotiations and amendments to the proposed legislation.
NYU Furman Center
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by Crezly - 5 months ago
- Crezly News
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