Aaron Carr, founder and executive director of the Housing Rights Initiative, stated, 'This settlement is more than just a settlement for these families. It means more money for food, health care and housing in one of the most unaffordable cities on planet Earth.'
Blackstone, in court papers, acknowledged that overcharges occurred but did not admit to any wrongdoing in the settlement, emphasizing their focus on delivering quality service.
Lawyers noted this settlement, totaling nearly $15 million, is one of the largest in state history, demonstrating the significant impact of tenant legal actions against property mismanagement.
The case addresses rent-stabilization complexities in NYC, highlighting renters' struggles against landlords, and the importance of accountability in affordable housing enforcement.
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