Governor Kathy Hochul is aligning with certain aspects of the 'Good Cause Eviction' bill, a significant part of the housing deal in the delayed state budget negotiations.
The bill proposes capping rent increases at 10% or 5% plus the latest Consumer Price Index, resembling California's existing legislation, with landlords potentially facing legal action for exceeding these limits.
State Senator Julia Salazar expresses urgency in finalizing the bill amidst the budget delay, highlighting the need for tenant protections and rent control.
Debates continue over details such as exemptions for high-rent units, with Salazar emphasizing the importance of setting a true threshold for such exceptions.
#good-cause-eviction #rent-control #housing-legislation #tenant-protection #state-budget-negotiations
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