Monday, July 1, 2019 / by Vanessa Saunders
Hey Hudson Valley, rent too high? FREEZE it!
On June 14th, New York lawmakers made a last minute move to extend and enhance a 1974 law protecting and stabilizing rents in the Hudson Valley. One day before existing NY rent regulations were set to expire, New York State lawmakers approved the Housing Stability and Tenant Protection Act of 2019, and Governor Andrew Cuomo signed it into law later that day. The law included major reforms in the state's affordable housing laws with sweeping tenant protections which are intended to tilt the balance of power in favor of renters vial the regulated housing market.
As reported in The River, an online news service covering politics, culture and life in the Hudson Valley, the most promising aspect of the law for housing reform advocates is that it allows municipalities throughout New York State to to "opt in" on rent stabilization laws that have only applied to New York City and its surrounding suburbs.
The River explained "The 2019 Act expands on and r ...
As reported in The River, an online news service covering politics, culture and life in the Hudson Valley, the most promising aspect of the law for housing reform advocates is that it allows municipalities throughout New York State to to "opt in" on rent stabilization laws that have only applied to New York City and its surrounding suburbs.
The River explained "The 2019 Act expands on and r ...
