Supreme Court Backs New York Rent Stabilization, Affirming Key Tenant Safeguards
Washington D.C. — In a landmark decision that affects hundreds of thousands of residents, the U.S. Supreme Court has affirmed the constitutionality of New York City’s rent stabilization laws. This ruling preserves regulations that protect tenants from steep rent increases and potential evictions in one of the most expensive rental markets in the United States. The court’s decision effectively puts an end to a contentious battle over these regulations, which some property owners argue stifle investment and maintenance of rental properties. The upheld laws ensure that over one million apartments in New York City will … Read more