Inside New York City's Rent Stabilization System
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Inside New York City's Rent Stabilization System
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Understanding New York City's rent stabilization system requires more than knowing the rules. It requires understanding the legislative history, policy shifts and economic pressures that continue to shape multifamily housing in the area. In this episode of Real Estate Law Unlocked, Partner Alex Lycoyannis sits down with Christina Smyth, founding partner of Smyth Levenson LLP and former member of the New York City Rent Guidelines Board, to explore the evolution of rent stabilization from its origins in the 1960s to today. Ms. Smyth describes her tenure on the Rent Guidelines Board and points out key legislative milestones such as the Stability and Tenant Protection Act of 2019, along with the recent rent freeze and ongoing debate over housing affordability, property ownership and the future of New York City's rent-stabilized housing stock.