including an overview of how the rent laws work and the types of units they cover. It describes the system’s evolution over time, influenced by broader political shifts in New York and nationally, and compares it to other forms of rent control in the United States. The report outlines the
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We decline to speculate on what those changes will be," said Kenneth Fisher, an attorneyof New York Community Bank, a lender to owners of rent-regulated buildings — including Wiener, who had more than $730 million in loans at the end of March — are down 18% since March 6.
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Copy of Summons and Complaint filed: queens county CLERK 04/27/2016 11:10 AM INDEX NO. 710027/2014. LLC; New York Community Bank; City of New York Environmental Control Board; City of New. rent control, rent stabilization or a federal statutory scheme.
Bank Shares Shares of New York Community Bank, a lender to owners of rent-regulated buildings — including Wiener, who had more than $730 million in loans at the end of March — are down 18% since.
One of the largest U.S. bank holding companies, with assets of $48.9 billion, New York Community Bancorp, Inc. is a leading producer of multi-family loans on non-luxury, rent-regulated apartment.
· New York Landlords in a Financial Bind From New Rent Law Will Parker and Konrad Putzier 6-8 minutes Property investors have spent billions of dollars on apartment buildings for what has been one of the most reliably profitable bets in New York city real estate: converting rent-regulated apartments to market-rate units.
The New York state legislature's agreement on sweeping tenant protections and rent regulations brought a fierce reaction from landlord groups who say. Signature Bank fell as much as 4.7%, while New York Community Bank dropped about 5.25%. The legislation, produced by a legislature controlled by a.
· New York Rent rules pose risks for Apartment Lenders, Fitch Says; The new state laws severely curtail landlords’ abilities to raise rents on stabilized units, and also put a cap on how much they may recoup for improvements they make to their buildings.
The politicians-remembering that tenants have more votes than landlords-cynically continue their rent control long after they have been forced to give up general price controls. So we come back to our basic lesson. The pressure for rent control comes from those who consider only its imagined short-run benefits to one group in the population.