Legislative leaders in Albany Friday passed the Housing Stability and Tenant Protection Act of 2019, governing rent-controlled apartments in the city. While the law deals with around 900,000 apartments that were built in the city before 1974, Naomi Streicher of Realty Teams in Pomona says the new law impacts everyone…
Reason.com says some landlords are reportedly planning to challenge the new law in court. They say it could lower rents and offer greater protections for some, but the cost would be deteriorating buildings and less supply overall.