Judge sets date for RSA suit against rent freeze

Landlord group wants to overturn 2016 decision

New York /
Feb.February 01, 2017 11:00 AM

A New York State judge said she will issue a ruling on a landlord group’s lawsuit against last year’s rent freeze on March 28.

The Rent Stabilization Association, which represents the owners of stabilized apartments, argued that the freeze on one-year stabilized rent increases was politically motivated and didn’t take owners’ costs into account, as required by law. The Rent Guidelines Board, which approved the freeze, counters that it weighed all relevant criteria.

“The RSA makes it seem as if the RGB only considers tenants affordability,” the board’s attorney Emily Stitelman said. “That’s not the case.”

The Board, whose members are appointed by the mayor, votes on rent increases for stabilized apartments once a year. In 2016, it okayed a rent freeze for the second year in a row after an analysis showed that landlords’ costs had fallen by 1.2 percent on average, largely a result of fuel prices dropping an average of 41 percent.

The RSA, which counts roughly 25,000 landlords of rent-stabilized buildings, argues that the board improperly considered “tenant affordability” in making its decision. “(The board’s) function is not to defend the tenants. It’s the Legislature that should decide what is burdensome,” the association’s attorney Jeffrey Turkel said.

A ruling in favor of the landlords would be a big blow for Mayor Bill de Blasio, who has centered his reelection campaign largely on affordable housing. [Politico]Konrad Putzier 


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”
John Catsimatidis and 670 Pacific Street (Getty, StreetEasy)
Catsimatidis notches win for landlords in 421a suit; tenants vow to appeal
Catsimatidis notches win for landlords in 421a suit; tenants vow to appeal
Gary Barnett has another problem at UES site: a stabilized tenant
Gary Barnett has another problem at UES site: a stabilized tenant
Gary Barnett has another problem at UES site: a stabilized tenant
RSA President Joe Strasburg (Jefferson Siegel) and Governor Cuomo (Getty)
Landlords ask Cuomo to ditch eviction ban after ending Covid restrictions
Landlords ask Cuomo to ditch eviction ban after ending Covid restrictions
The Mercedes House (Photos via Instrata, Ten Arquitectos)
Nab this rent-stabilized penthouse for $8K per month
Nab this rent-stabilized penthouse for $8K per month
Crestwood Apartments in Middletown, New York. (Realtor)
North Point buys Hudson Valley apartment building for $19M
North Point buys Hudson Valley apartment building for $19M
arrow_forward_ios

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

Loading...