New York Rent Reform Package of 2019

June 17th, 2019 by Keeley Byer

On June 11, 2019, New York State Assembly Speaker Carl Heastie and Senate Majority Leader Andrea Stewart-Cousins reached an agreement on a comprehensive rent reform package that will limit or eliminate many previous laws and regulations, which includes the elimination of High-Income and High-Rent deregulation as well as limits to the Major Capital Improvement (MCI) and Individual Apartment Improvement (IAI) programs. However, the Rent Reform package did not include a universal rent control measure, which would have allowed the creation of new rent stabilized units, nor did…