New York Tenants' Rights Package Ignites Landlord Pushback
- Property owners’ coalition pleads for veto from the governor
- The bills would restrict increases in rent-regulated buildings
An apartment building stands on the Upper East Side neighborhood of New York.
Photographer: Victor J. Blue/Bloomberg
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The New York state legislature’s agreement on sweeping tenant protections and rent regulations brought a fierce reaction from landlord groups who say it will discourage property improvements and harm the city’s housing market.
In a city where real estate values and rents have an obsessive hold upon its residents, the legislation, hammered out Tuesday by leaders of the Senate and Assembly, shifts the balance sharply toward tenants. The package of bills would limit landlords’ ability to raise rents or remove units from regulation.