NEW YORK (WBNG) — On Oct. 21, the New York State Assembly heard testimony from state and local officials on the Rent Emergency Stabilization for Tenants, or REST, Act.
If passed into law, the legislation would allow for cities, towns and villages across the state to opt into rent regulation policies.
As it stands, local governments are required to conduct an annual housing survey in hopes of showing a vacancy rate below 5%…