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June 17, 2024 at 9:03 AM. NEW YORK - New Yorkers living in rent-stabilized apartments could be forced to dish out more each month. New York City's Rent Guidelines Board is considering increasing ...
According to the press office of Mayor Eric Adams, residents who live in rent-stabilized apartments will see their rents increase this October. In a 5-to-4 vote, New York City's Rent Guidelines ...
According to a recent city-conducted housing survey, rents at rent-stabilized apartments have fallen by 3 percent in real terms from 2021 to 2023. Nevertheless, media outlets covering the board's ...
Rent regulation in New York. Rent regulation in New York is a means of limiting the amount of rent charged on dwellings. Rent control and rent stabilization are two programs used in parts of New York state (and other jurisdictions). In addition to controlling rent, the system also prescribes rights and obligations for tenants and landlords.
421-a tax exemption. The 421-a tax exemption is a property tax exemption in the U.S. state of New York that is given to real-estate developers for building new multifamily residential housing buildings in New York City. As currently written, the program also focuses on promoting affordable housing in the most densely populated areas of New York ...
Signed by. Andrew Cuomo. Signed. June 14, 2019. Status: Current legislation. The Housing Stability and Tenant Protection Act of 2019 ( HSTPA) is a New York state statute that introduced major changes to landlord-tenant law. [1]
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