Supreme Court Declines to Hear NYC Rent Stabilization Challenge

The U.S. Supreme Court declined to hear an appeal by landlord groups against New York City's rent stabilization law. This law, established in 1969, limits rent hikes and reduces eviction rights, aiming to provide affordable housing. This decision supports lower court rulings that found no constitutional violation.

The U.S. Supreme Court declined to hear a challenge from landlord groups against rent stabilization laws in New York City, leaving lower court rulings intact. These rulings affirmed that the city's rent control measures do not violate the Fifth Amendment's "takings clause."

The rent stabilization system in New York City, enacted in 1969, was designed to address affordable housing shortages by capping rent increases and restricting evictions. It generally applies to buildings constructed before 1974, covering nearly a million apartments.

Proponents argue that these laws reduce homelessness and tenant dislocation. Though amended in 2019 to enhance tenant protections, the laws faced legal opposition. The Supreme Court's refusal to hear the case signals support for maintaining these protections.

(With inputs from agencies.)