real estate

NY Rent Law Challenge Rejected by Supreme Court 

The U.S. Supreme Court has declined to hear a legal challenge to New York’s Rent Stabilization Law filed by the Community Housing Improvement Program (CHIP), first reported by Bloomberg

CHIP’s case aimed to dismantle the state’s tenant protections. While this decision halts CHIP’s legal challenge, the group plans to lobby for changes to the law in the state government, including allowing landlords to rent units at market rates after making costly repairs, lowering property taxes on older buildings, and improving insurance rates for owners who rent to tenants using vouchers.  

Two other cases challenging the rent stabilization law are still pending a decision on whether the Supreme Court will hear them. 


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