All articles tagged with #rent stabilization
The Los Angeles City Council approved significant updates to the Rent Stabilization Ordinance, setting a new allowable rent increase range of 1% to 4%, removing additional utility charges, and aiming to balance tenant affordability with landlord interests, amid ongoing housing affordability concerns.
Andrew Cuomo proposed 'Zohran's Law,' a controversial housing policy that would impose income limits on tenants applying for rent-stabilized apartments, but the proposal faces skepticism from lawmakers and tenant advocates, and appears unlikely to be adopted.
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.
The U.S. Supreme Court declined to hear challenges to New York's rent stabilization laws, which cap rent increases on about 1 million apartments citywide, brought by landlords who argued the regulations prevented them from evicting tenants after their leases expired. The court's decision not to take up the case leaves the possibility of future challenges open. Landlord groups are urging state lawmakers to revise regulations that limit rent increases on vacant apartments and apartment renovations, while lawmakers are open to reviewing rules capping increases related to individual apartment improvements. Gov. Kathy Hochul stated that the regulations are crucial tools to fight inequality and preserve affordability.
The Washington State House passed a bill to cap rent increases at 7% in buildings constructed more than ten years ago, offering renters some financial stability, but the legislation faces an uphill battle in the Senate where Democratic support is uncertain. The bill aims to address the steep rent hikes experienced in the state, particularly in Seattle, due to gentrification and lack of housing planning. Despite support from some landlords and successful implementation in other West Coast states, some Senate Democrats remain hesitant, prompting calls for constituents to advocate for rent stabilization at upcoming town halls.