• Agency: NYS Homes and Community Renewal (NYS HCR)
• Status: Currently Available

The term “rent regulation” can mean any program that regulates the amount of rent the landlord may charge for an apartment. In New York City, the term is generally used to refer to a legislative system of regulation of private apartments under two programs, rent control and rent stabilization. Rent control, which began in 1943, instituted a fixed maximum price for certain residential buildings, while rent stabilization, adopted in 1969, allows for annual rent increases tied to inflation, as well as additional adjustments to offset higher costs. New York's Rent Regulation laws were overhauled in June 2019, eliminating or limiting several mechanisms landlords could use to raise rents or deregulate apartments, significantly expanding tenant protections for residents of rent stabilized units.