Property Management News

Plaintiffs plan to petition the Supreme Court next. If landlords’ legal strategy was indeed to fail upwards, their plan is on track. A federal appeals court on Monday ruled against two lawsuits challenging New York’s rent stabilization law, affirming the New York’s Eastern District Court’s dismissal of the cases in September 2020. A panel of three Second Circuit judges agreed that building owners failed to demonstrate that the law amounted to an unconstitutional taking of their properties. The decision is a setback for landlords, but an expected one. The Community Housing Improvement Program and Rent Stabilization Association, landlord groups leading one of the lawsuits, have... Read more

Through updated policies, HUD will require landlords—including public housing authorities like NYCHA, and property owners who accept HUD-affiliated housing vouchers—to take a more holistic approach when vetting potential renters. This story has been updated to include comment from NYCHA. The Department of Housing and Urban Development (HUD) shared that it will remove barriers preventing formerly incarcerated individuals from securing a home in public housing authorities and other HUD-affiliated properties across the country. HUD Secretary Marcia Fudge on Monday visited a mixed-use building in West Harlem owned by the Fortune Society, a nonprofit that serves formerly incarcerated... Read more