New York City Mayor Eric Adams today released the following statement after the United States Supreme Court issued a decision on New York’s rent stabilization laws:
“We are pleased that the U.S. Supreme Court has denied the remaining petitions challenging New York’s rent stabilization laws. For 50 years, rent stabilization has kept rents affordable for millions of New Yorkers and their families. Today, tenants can breathe a sigh of relief. As this administration tackles the city’s affordability crisis from all angles, we remain committed to defending New York’s rent stabilization laws so tenants can afford to stay in their homes and communities.”
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