Gov. Hochul defended the watered-down Good Cause Eviction legislation in the state budget, stating it offers stronger tenant protections than the existing ones, despite criticism from tenant advocates.
The modified version of the Good Cause legislation sets yearly rent increase caps at 10% or 5% plus the consumer price index, differing from the original bill that aimed to limit hikes significantly.
The legislation now includes opt-in for municipalities outside NYC, exempts new construction, small owner-occupied buildings, and units priced over 200% of federal fair market rent, drawing criticism from tenant advocates.
Tenant advocates argue that the modified Good Cause Eviction bill with carve-outs makes it the weakest version in the country, urging lawmakers to vote against it.
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