"NY Lawmakers Reach Compromise on Controversial Housing Deal"

1 min read
Source: Gothamist
"NY Lawmakers Reach Compromise on Controversial Housing Deal"
Photo: Gothamist
TL;DR Summary

Gov. Kathy Hochul and Democratic lawmakers are close to reaching a housing deal in New York, but the proposed package is facing criticism from both tenant and landlord groups. The deal includes reviving a tax break for NYC housing developers, enacting "Good Cause" eviction measures, and easing building size restrictions. Tenant groups are unhappy with carve-outs in the eviction provisions, while landlord groups are critical of the proposed changes to rent regulations. The final plan could be put to a vote as soon as Monday.

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