Landlord groups that filed two lawsuits against New York's 2019 state rent-stabilization law have filed a petition asking the US Supreme Court to consider the case after several lower courts ruled against them.
The petition was filed on behalf of the Rent Stabilization Association (RSA), the Community Housing Improvement Program (CHIP) and several individual landlords who argued in their lawsuits that the 2019 law, which regulates rents for about 1 million apartments in NYC, violates the US Constitution.
The plaintiffs had argued in the lawsuits, one of which was brought by CHIP and RSA and the other by building owners Dino, Dimos and Vasiliki Panagoulias, that the Housing Stability and Tenant Protection Act of 2019—the official name of NY's rent reform law—violates the Fifth Amendment's "takings clause" governing property seizures and the Fourteenth Amendment's due process clause.
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