Wage Disputes and Tenant Protections Stall Albany Housing Deal
As real estate developers resist wage guarantees and try to roll back tenants’ rights, a potential budget deal is at an impasse.
“A minimum hourly wage would have to be higher than $40 per hour to be acceptable.”
REBNY has been pushing to let landlords of rent stabilized apartments raise rents significantly after renovations.
A quarter of lawmakers in Albany are landlords. Almost none of them are covered by the most significant tenant protection law in years.
It’s the first step New York has taken to address its housing shortage in years — but tenant groups are fuming and real estate wants more.
A version of good cause eviction and new hate crimes are in; new taxes on the wealthy and education cuts are out. Here’s where things landed in this year’s budget.
What are industrial development agencies?
The county is ready to restart real estate subsidies after a two-year pause. Residents fear it won’t fix their housing crisis.
The governor and the Senate have aligned on large swathes of the NY HEAT Act. The Assembly might be ready to move on it, too.
New Yorkers for Local Businesses has spent half a million dollars trying to kill a bill to help workers recover stolen wages. Almost all its backers appear to own McDonald’s franchises.
In New York, unemployment recipients can be found guilty of fraud even if they thought their information was true. The state demands repayment at the highest rate in the country.
Low-wage manual laborers can sue to make their bosses pay them weekly. Hochul’s late-breaking budget addition may undermine that right.