NYC Housing Policy Update
Two recent developments at City Hall highlight the ongoing tension between housing affordability goals and policies that risk disrupting the
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.
A Mamdani candidacy and potential mayoralty could signal a policy environment more focused on tenant protections, rent regulations and public housing expansion.
With this bill in place, all stakeholders from buyers to brokers can expect greater predictability and accountability in a process that has long needed reform.
The Realtor delegation representing every state and territory rallied around several core issues that require Congressional action. These priorities were: expanding housing opportunity, protecting the Realtor business model and supporting homeownership for all Americans.
Early voting for the June 2025 primary elections runs from Friday, June 14 through Saturday, June 22. Primary Election Day is Tuesday, June 24.
The annual Albany Lobby Day serves as a critical forum for real estate professionals to press legislators on issues that impact homebuyers, renters and property owners across New York.
Despite representing different parties, Latimer and Lawler share a bipartisan focus on housing policy solutions. Both have expressed support for raising the cap on the State and Local Tax (SALT) deduction.
The Government Affairs Department at HGAR will be facilitating the first ever New York City Lobby Day on Oct. 23rd. In collaboration with the Long Island Board of Realtors, both organizations will be converging on City Hall to speak to our City Council members about our issues.
A significant portion of our end-of-session efforts was focused on opposing legislative proposals that would have negatively impacted New York’s real estate sector.
NAR had several topics it wanted HGAR and the rest of the Realtor community on the Hill that day to hammer home.
In the weeks leading up to heavy negotiations in Albany, HGAR personally educated more than two dozen elected officials on Good Cause Eviction and the most problematic aspects of valuing tenant protection over property rights.
HGAR supports legislation that adds affordable rent-stabilized apartments to the rental housing stock that are safe, lead-free, energy efficient, and fully compliant with building codes.
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