Court Declines to Block Retroactive Application of HSTPA

The Housing Stability and Tenant Protection Act amended the Rent Stabilization Law and, among other draconian changes, severely curtailed landlords' incentives to modernize and otherwise improve rent regulated apartments by limiting the ability to recover the costs of individual apartment improvements (IAIs) to vacant apartments.

5 minute readJanuary 01, 2023 at 12:09 AM
By
Randi Beth Gilbert, Richard T. Walsh, Jillian N. Bittner,
Niles C. Welikson
Court Declines to Block Retroactive Application of HSTPA

The Housing Stability and Tenant Protection Act of 2019 (HSTPA) amended the Rent Stabilization Law and, among other draconian changes, severely curtailed landlords' incentives to modernize and otherwise improve rent

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