With the full legislature and governor facing re-election in 2026, HGAR and NYSAR are already preparing for what could be a watershed year for housing policy.
The NYC Rent Guidelines Board voted to approve rent increases of 3% for one-year leases and 4.5% for two-year leases on rent-stabilized apartments.
NAR successfully secured its top five priorities in the final package.
The House passed its version of the Big Beautiful bill on May 22 with a provision that would raise the SALT Cap to $40,000.
PEARL RIVER—U.S. Rep. Mike Lawler (R-NY-17) announced today that in response to the draft release of the Senate version of the “Big Beautiful” bill that would keep the SALT Cap at $10,000, he will vote against the bill if it reaches the House in its current form.
The House passed its version of the Big Beautiful bill on May 22 with a provision that would raise the SALT Cap to $40,000.
“I have been clear since Day one: sufficiently lifting the SALT Cap to deliver tax fairness to New Yorkers has been my top priority in Congress,” said Congressman Lawler. “After engaging in good faith negotiations, we were able to increase the cap on SALT from $10,000 to $40,000. That is the deal, and I will not accept a penny less. If the Senate reduces the SALT number, I will vote No, and the bill will fail in the House.”
He added, “I, along with my fellow SALT Caucus members, are actively engaging with Senators, House Leadership, and the White House and am confident the deal as previously negotiated will be in the final bill that is signed into law.”
New York Democrats, including Gov. Kathy Hochul and U.S. Senator Charles Schumer, have pressed lawmakers in Washington to fully repeal the SALT cap. However, GOP Senators seem to be dialing down any hope for a repeal or even raising the cap at this point.
With the full legislature and governor facing re-election in 2026, HGAR and NYSAR are already preparing for what could be a watershed year for housing policy.
The NYC Rent Guidelines Board voted to approve rent increases of 3% for one-year leases and 4.5% for two-year leases on rent-stabilized apartments.
While many potential buyers believe they need a down payment of 20% for their first home purchase, the typical down payment for first-time buyers has ranged from 6% to 9%, dating back to 2018.
Indelicato joins the City of Yonkers with over 30 years of experience as an attorney and city planner for several Westchester County municipalities.
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