Supreme Court Pressed To Take Up Case Over New York City Rent Control Law

 July 14, 2023

The U.S. Supreme Court is considering a petition to hear a case that will challenge New York City's rent stabilization law.

The pressure is coming from stakeholders who claim that the 50-year-old law infringes upon the rights of property owners.

New York City's Community Housing Improvement Program (CHIP) and the Rent Stabilization Association of NYC (RSA) are suing the city, first filing a lawsuit back in 2019 that challenged the constitutionality of New York's Rent Stabilization Law.

The plaintiffs are arguing that the Rent Stabilization Law has had a "detrimental effect on owners and tenants alike and has been stifling New York City's housing market for more than half a century."

"New York’s Rent Stabilization Law (RSL) is the nation’s most stringent rental housing regulation, governing one million New York City apartments," the lawsuit claims.

Should property owners have the ability to charge whatever they want for rent?

Or should the government limit them to being able to collect what it deems "fair?"