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Reports finds NY's housing supply would not be impacted by Good Cause law

May 10, 2022 12:45 am

Nick Reisman is reporting for State of Politics that advocates for proposed statewide tenant protection measures meant to make it harder for landlords to raise rent and move forward with evictions reported on May 9, the legislation would not negatively impact New York's housing supply. Those opposed to the legislation argue the report is misleading and would hurt small property owners. The Good Cause Eviction law is meant to prevent landlords from forcing tenants, who are unable to pay an unreasonable increase in rent, from their homes. The debate over affordable housing policy in New York has resurfaced as lawmakers head into the end of the legislative session on June 2. Lawmakers are debating the extension and potential changes to tax abatements in addition to the push for a good cause law. The report, released by the Pratt Center for Community Development and Community Service Society of New York, reviewed the effect of a Good Cause law in New Jersey that has been on the books for nearly 50 years. The law, the report found, did not have an impact on the pace of building in the Garden State. However, the Community Housing Improvement Program, a trade association that represents the owners of more than 4,000 apartment buildings in New York City, called the report misleading, and said the New Jersey law was not an accurate point of comparison. A spokesperson for the group said the report lacks any credibility. Read the full story in nystateofpolitics [dot] com.