Landlords and owners of apartment buildings with rent-stabilized units in New York City are gearing up to mount a legal challenge to a state effort to close loopholes in a 2019 rent reform law that permitted them to combine vacant rent-controlled apartments and raise rents.
The state Division of Homes and Community Renewal (HCR) filed public notice earlier this month of its intention to adopt new tenant-friendly regulations amending New York's Housing Stability and Tenant Protection Act (HSTPA), which was enacted four years ago.
HCR aims to close a loophole that enables landlords to combine adjacent rent-stabilized units when they are vacated—breaking down the walls and creating new, expanded "monster" apartment units no longer covered by the rent-control law.
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