Kathy Hochul gets on board with key parts of NY ‘Good Cause’ rent-control bill as state budget housing deal nears
NY Post
Gov. Kathy Hochul is getting on board with key parts of the “Good Cause Eviction” bill being pushed by lefty lawmakers — moving forward a massive housing deal being negotiated as part of the already-late state budget.
Sources on Monday said Hochul and legislators were “close” to reaching an agreement on housing, an issue that has been a major sticking point in the ongoing talks over the must-pass spending plan, which was due April 1.
State Sen. Julia Salazar (D-Brooklyn), who has championed the bill, told The Post she felt “comfortable” with where negotiations stood compared to last year, where progress was almost nonexistent on the topic.
Her proposal includes effectively capping rent increases and instituting tenant protections that critics say would make it near-impossible to evict someone unless they break their lease.
“I think it’s urgent, especially now that the budget is late that we get it done,” the progressive pol said.
The “Good Cause” bill would cap rent increases at 3% per year, but the deal currently on the table would limit it to 10%, or 5% plus the latest Consumer Price Index, a measure of inflation, sources said. This would mirror a law already on the books in California.
