Local Law 18, designed to regulate short-term rentals, has inadvertently hurt small property owners financially, rather than alleviating the housing crisis as intended.
RHOAR NYC argues that these regulations failed to address the housing crisis and stripped crucial income from homeowners reliant on short-term rentals to maintain their properties.
Sandra Sanchez and Joseph Muller express their struggles, stating, 'Short-term rental had been our plan for keeping our family home… and aging in place in the community where we grew up.'
RHOAR calls for updates to Local Law 18, proposing to allow home sharing in owner-occupied homes without strict limits to support struggling homeowners.
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