Industry News

Int. 839-A would replace the expiring pilot with a permanent program and materially expand portfolio-level risk for multifamily owners. The New York City Council approved Int. 839-A on August 13, 2026, setting the stage for a significant and potentially permanent expansion of the Department of Housing Preservation and Development’s Certificate of No Harassment (CONH) program. The bill is currently awaiting mayoral action. If it becomes law, most of its substantive provisions

COPA is intended to give qualified nonprofit and mission-driven organizations an opportunity to acquire certain residential buildings before they are sold to private purchasers. Rather than applying broadly to most multifamily buildings, the new bill generally targets properties the City considers distressed or at risk of losing affordable housing. Even so, some of the proposed eligibility criteria are broad enough that otherwise well-maintained properties could fall within t

DHCR has the authority to levy civil penalties of $500 for each unregistered apartment for every month the registration is overdue.

When rental income remains flat while operating costs continue to increase, building owners face increasingly difficult financial decisions. Deferred maintenance, postponed capital improvements, and reduced investment in aging housing stock can become unintended consequences of sustained revenue constraints.

The NYC Rent Guidelines Board has approved rent increases of 3% for one-year and 4.5% for two-year lease renewals for rent stabilized units starting October 1, 2025.

New York property owners must comply with Good Cause Eviction notice requirements and monitor annual DHCR updates on rent increase thresholds and exemptions, even if their properties are otherwise exempt from the law.