The U.S. Supreme Court has rejected a legal challenge to New York’s Rent Stabilization Law, as reported by Bloomberg. The Community Housing Improvement Program (CHIP) had filed the lawsuit in an attempt to dismantle tenant protections in the state.
Despite this setback, CHIP plans to continue advocating for changes to the law through state government channels. These changes include allowing landlords to charge market rates after making necessary repairs, reducing property taxes on older buildings, and improving insurance options for landlords who accept tenants with vouchers.
While two other cases challenging the rent stabilization law are still awaiting a decision from the Supreme Court on whether they will be heard or not, this recent development marks a significant victory for tenant rights advocates in New York.
This article was originally published on Connect CRE.
