A lawsuit challenges New York’s 2019 rent stabilization law, citing at least 26,000 vacant stabilized apartments. The case could influence housing policy and affordability in major U.S. cities. AI Summary
New York City Mayor-elect Zohran Mamdani won after campaigning on expanding rent stabilization to improve housing affordability.
When he becomes mayor in January, Mamdani will face a lawsuit challenging New York’s rent stabilization law. A group of New York City landlords sued, arguing that the law sets rents too low to justify spending thousands of dollars renovating apartments for new tenants…