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 […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Deals, debt and Epstein’s ties to the industry
The Daily Dirt: A tax exemption for rent-stabilized
portfolios hasn’t been so helpful
Maimonides Medical Center sells for $151.9 million.
We Buy Houses Bowie, MD: Top 5 Companies
What Does It Mean When the Appraisal Comes in Higher Than
Your Offer?
How to Pack for a Move In a Month: Your Room-by-Room
Plan
How to Pack for a Move In a Hurry: A Fast Track to
Success
Rent Spikes are a Thing of the Past—But Investors Can Look
Forward to a Stable Multifamily Market Instead
Why Investors Are Feeling Increasingly Positive About the
Multifamily Market
A New Fed Chairman is Coming Soon—Here’s What Their
Potential Low-Rate Policy Will Mean For Investors
