Tag Archives: rent control

Bloomberg News reports: The United States Supreme Court refused to question New York’s rent-control system, turning away two appeals that said the rules violate apartment owners’ constitutional rights. One appeal, pressed by 12 sets of property owners in New York City and Yonkers, targeted restrictions on landlords who want to reclaim rental units for personal use or convert buildings to …

The New York Times reports: California lawmakers approved a statewide rent cap on Wednesday covering millions of tenants, the biggest step yet in a surge of initiatives to address an affordable-housing crunch nationwide. The bill limits annual rent increases to 5 percent after inflation and offers new barriers to eviction, providing a bit of housing security in a state with …

The San Jose Mercury-News reports: Amid a tense battle over rent control in California, real-estate interests are writing big checks to defeat a November ballot measure that would give cities more power to regulate what landlords can charge tenants — and the initiative’s backer responded this week with a $10 million cash infusion. “We know we will be significantly outspent …