New York
News
The state of New York does not preempt cities and towns from implementing rent control. In June 2019, Governor Cuomo signed into law a sweeping expansion of rent regulation policies. While the intent of the law is to “provide permanent rent regulation protections to covered buildings” and “extend tenant protections statewide” to New Yorkers that need it the most, the reality is that rent control benefits the very few – and not necessarily those in greatest need – at the expense of the larger society. In fact, the new law removes an existing provision prohibiting individuals making over $200,000 annually from living in a rent-controlled unit.
