Judge temporarily blocks water-rate hike for landlords

The increase is barred until June 20

New York /
Jun.June 07, 2016 06:00 PM

A New York State Supreme Court judge on Tuesday temporarily barred the city from raising water rates for landlords and granting a water bill refund to other homeowners.

Manhattan Supreme Court Justice Carol Edmead signed a restraining order on Tuesday that will block a 2.1 percent water-rate hike for landlords, condo and co-op owners, the New York Post reported. The city’s Water Board implemented the increase last month, along with a one-time $183 credit for some 664,000 one​-​, two​-​ and three​-​family homeowners on their water bills. The Rent Stabilization Association and other landlords filed a lawsuit on Tuesday against the city, claiming that the Water Board didn’t have the authority to increase rates nor provide the credit. Edmead’s order will block both until the next court hearing, which is scheduled for June 20.

The landlord group argues that the water bill credit is unfairly being funded by the rate hike. The group blames the mayor’s “political agenda” for the board’s May 20 resolution.

“This is yet another example of the mayor putting politics before sound housing policy — increasing costs for apartment building owners, yet freezing the rent revenue that owners need to pay these city-imposed increases,” said Joseph Strasburg, president of the landlord group.

A spokesman for the city told the Post that this is the lowest water and sewer rate change in the last 16 years and that the Water Board followed proper procedures. [NYP]Kathryn Brenzel


Related Articles

arrow_forward_ios
Blackstone CEO Steven Schwartzman and Stuyvesant Town (Credit: Getty Images)
After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies
After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies
Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws
Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws
Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws
Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)
New NYC rent law “beginning to shut down investment”
New NYC rent law “beginning to shut down investment”
Gov. Andrew Cuomo (Getty, iStock)
New York’s rent relief site goes live — without applications
New York’s rent relief site goes live — without applications
Carl Heastie, Andrew Cuomo and Andrea Stewart-Cousins. (Getty)
NY close to approving $2.4B rent relief bill — but its rollout will be the real test
NY close to approving $2.4B rent relief bill — but its rollout will be the real test
Sen. Jabari Brisport (Photo via Jabari for State Senate; iStock)
Socialist notches key NY Senate appointment
Socialist notches key NY Senate appointment
Charles Kushner and 18 Sidney Place (18 Sidney Place via StreetEasy)
Tenants get class-action status against Kushner in Brooklyn rent case
Tenants get class-action status against Kushner in Brooklyn rent case
A new report argues that distress and declining values in rental properties is an opportunity for decommodification of multifamily buildings. (iStock; Chart via Furman Center)
Tenant group sees opportunity in multifamily foreclosures: report
Tenant group sees opportunity in multifamily foreclosures: report
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...