New York Gov. Kathy Hochul recently signed into law the Affordable Housing Retention Act (AHRA), which for the next four years enables condo conversions of specific buildings in New York City with a presale requirement for...more
5/21/2025
/ Affordable Housing ,
Apartments ,
Condominiums ,
Conversion Requirements ,
Housing Market ,
Landlords ,
New Legislation ,
Nonprofits ,
Real Estate Transactions ,
Rent ,
Rent Control ,
Residential Property Owners ,
Residential Real Estate Market ,
Tenants
New York City's Fair Chance for Housing Act (known as Local Law 24 or the Fair Chance Law) became effective on Jan. 1, 2025. The Fair Chance Law prohibits housing discrimination on the basis of a purchaser's or tenant's...more
2/7/2025
/ Covered Entities ,
Criminal Background Checks ,
Criminal Records ,
Discrimination ,
Fair Chance Act ,
Fair Housing Act (FHA) ,
Landlords ,
Local Ordinance ,
Municipalities ,
New Legislation ,
Residential Leases ,
Tenants
New York state has enacted changes in the housing laws that will have a significant impact on the development and operation of multifamily housing in New York City and the state, and will also ameliorate the effects of...more
4/24/2024
/ Affordable Housing ,
Construction Project ,
Density Bonus ,
Eviction ,
Housing Developers ,
Housing Market ,
Landlords ,
Multi-Family Development ,
New Legislation ,
Real Estate Development ,
Rent ,
Rental Property ,
Residential Property Owners ,
Tax Incentives ,
Tenants ,
Urban Planning & Development ,
Wage and Hour
The New York Senate on Jan. 4, 2023, introduced the Good Cause Eviction Bill, S-305 (Bill), which effectively is written as a statewide rent control measure that impacts all housing not already subject to state rent control...more
Twenty-four members of the New York State Senate on Jan. 27, 2021, introduced S-3082, and 43 members of the New York State Assembly on Feb. 19, 2021, introduced A-5573 (collectively, the bills), which would preclude the...more
3/4/2021
/ Condominiums ,
Eviction ,
Good Cause ,
Hotels ,
Landlords ,
Proposed Legislation ,
Rental Property ,
Residential Leases ,
Residential Real Estate Market ,
Sub-Tenants ,
Tenants
• New York's Housing Stability and Tenant Protection Act of 2019, which was enacted and became effective on June 14, 2019, will have a sizable impact on a landlord's ability to convert buildings to cooperatives and...more
7/12/2019
/ Apartments ,
Attorney's Fees ,
Co-Op ,
Commercial Property Owners ,
Condominiums ,
Eviction ,
Foreclosure ,
Landlords ,
Late Payments ,
Multi-Family Development ,
New Legislation ,
Notice of Default ,
Notice Requirements ,
Rental Property ,
Shareholders ,
Tenants