New York Community Bank: About Those Rent Control Laws

Rent laws are welfare for the rich: Time for New York to have a smart conversation over a costly housing regulatory system By Errol Louis, New York Daily News 5 hrs ago

 · (Bloomberg) — New York’s sweeping rewrite of rent stabilization laws could pose a credit risk to lenders that finance capital improvements to regulated apartment properties, according to a report today by Fitch Ratings.The new state laws severely curtail landlords’ abilities to raise rents on stabilized

TENANTS’ RIGHTS GUIDE Office of the New York State Attorney General.. Rent control is still in effect in New York City and parts of Albany, Erie, Nassau, Rensselaer, Schenectady, and Westchester counties.. to recover those fees as well (Real Property Law 234).

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New York state lawmakers passed a sweeping overhaul of rent laws, giving a boost to a. Andrew Cuomo and state legislators to pass universal rent-control. to tenants in roughly one million rent-regulated apartments in New York City.. Mr. Banks said the industry was trying to rally people who work on.

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– New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") today announced that it expects to issue its earnings release for the three and twelve months ended december 31, 2017 at approximately. New York Community Bank: About Those rent control laws | New. – New York Community Bank: About Those Rent Control Laws.

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New York Community Bank, Signature Bank and Dime Community Bank have lost a combined $2.5 billion in market capitalization since the spring when the debate over rent regulations began to paint an.

Some New york city landlords are being forced to re-evaluate their businesses, as a new. The new laws could cause the values of rent-stabilized apartment buildings to drop. Exceptions to the city's longstanding rent-stabilization system enabled.. This, he argued, could bring the bank more business.

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Could New York City-style rent control be coming to Upstate NY?. to opt in to New York City’s rent stabilization laws. The act allowed cities and towns with low rental vacancy rates to enact.