"Since 1969, New York's Rent Stabilization Law has provided affordable housing for millions of New Yorkers, preventing displacement and combating homelessness," reads a joint statement from the Legal Aid Society, Legal Services NYC, and Selendy Gay PLLC, which represented the defendants.
Landlords contended that the state's regulations on eviction protocols, through the 2019 Housing Stability and Tenant Protection Act (HSTPA), amounted to unconstitutional 'takings' in violation of the Fifth Amendment.
The high court in Washington declined to grant certiorari to two landlords' challenges, G-Max Management and Building & Realty Institute of Westchester and Putnam Counties.
The landmark 2019 law banned or curtailed certain practices that had previously been common in rent-stabilized units, such as vacancy decontrol, rent hikes on vacated units, and large increases for major capital improvements.
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