NY Times -New York lawmakers on Friday passed a sweeping package of rent laws designed to dramatically enhance tenant protections and reshape the state’s housing landscape, after a months long battle that galvanized tenant activists and dealt a blow to the state’s powerful real estate industry.
The laws would immediately transform life for the 2.4 million people who live in roughly one million rent-regulated apartments in New York City, by closing loopholes that have allowed landlords to raise rents or deregulate properties.
The legislation’s reach could also extend much farther in the coming weeks: Localities statewide will be allowed to adopt their own rent regulations, which had previously been limited to New York City and a few suburbs.
And other protections, such as limits on security deposits and protections against evictions, would apply to all renters, stabilized or not.
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