SANTA BARBARA, California,
Aug. 1, 2019 /PRNewswire/ --
New York state's Housing Stability
and Tenant Protection Act of 2019 limits rent increases when
stabilized units are vacated and caps rent increases made in
conjunction with capital improvements to properties. Affordable
housing advocates applaud the legislation as a boon to renters,
especially those in New York
City's five boroughs, while others worry it will lead to a
deterioration of housing stock and an exodus of development and
investment.
A new bulletin from Yardi® Matrix weighs in on the new law
and the turmoil surrounding it. The bulletin, "New York Rent
Control: Paved With Good Intentions" is available for
download.
Yardi Matrix offers the industry's most comprehensive
market intelligence tool for investment professionals, equity
investors, lenders and property managers who underwrite and manage
investments in commercial real estate. Yardi Matrix covers
multifamily, industrial, office and self storage property types.
Email matrix@yardi.com, call 480-663-1149 or visit yardimatrix.com
to learn more.
About Yardi
Yardi® develops and supports industry-leading
investment and property management software for all types and sizes
of real estate companies. Established in 1984, Yardi is based in
Santa Barbara, Calif., and serves
clients worldwide. For more information on how Yardi is Energized
for Tomorrow, visit yardi.com.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/yardi-matrix-bulletin-examines-new-york-rent-control-law-300895311.html
SOURCE Yardi