How Would NY’s 'Good Cause' Eviction Law Impact Multifamily?

Seeking to protect New York residents’ rights, housing advocates are pushing for New York State to pass a "good cause" eviction law this year. The bill is meant to stop evictions without good cause and prohibit steep rent increases, but real estate management companies and landlords have expressed concerns that, if passed, the law would in fact hinder necessary repairs and upgrades on protected apartments, limit new development and, ultimately, further exacerbate the affordable housing crisis.  “Overregulation…is probably one of the biggest factors for why housing providers get out of the business because it just contributes to their business no longer being viable,” Nicole Upano, AVP, housing, policy & regulatory affairs at the National Apartment Association, told Multi-Housing News Senior Editor Laura Calugar in the latest podcast from our quarterly series. Here’s a sample of the topics Upano covers: What the bill includes (1:02) Controversial elements (3:46) Effects of overregulation on housing stock (5:40) Other states considering rent control laws (8:56) NAA’s policy priorities (11:06)