Kingston rent stabilization in danger again
Kingston’s role as the Hudson Valley’s rent-control test case may prove to be short-lived. A new city vacancy study found rates in buildings covered by the Emergency Tenant Protection Act at 7.04 percent this spring, above the 5 percent limit required to declare a “housing emergency” and keep rent caps in place, the Times Union reported. The results come less than two months after New York’s highest court upheld Kingston’s ETPA program, a decision hailed by tenant advocates as a landmark win. The Court of Appeals rejected a challenge from the Hudson Valley Property Owners Association, which argued the city’s […]
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