Senate and Assembly reach deal on rent laws. It doesn’t look good for the industry.

Senate Leader Andrea Stewart-Cousins and Assembly Speaker Carl
Heastie reached an agreement on sweeping changes to the state’s
rent laws Tuesday evening. If the package passes both houses and is
signed into law by Gov. Andrew Cuomo as expected, the real estate
industry will be dealt its biggest legislative blow in decades. And
it could have been much worse. The two houses have agreed to
support the elimination of vacancy decontrol — which allows
landlords […]

Source: FS – All – Real Estate News 2
Senate and Assembly reach deal on rent laws. It doesn’t look good for the industry.