Connecticut Rent Regulation Law Affects Apartment Renovations
1 report, 1 independent
Updated Oct 24
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What happened
A state law in Connecticut prevents rents on rent-regulated apartments from rising sufficiently to cover the cost of renovations, according to. This regulation contributes to an estimated 57,000 rent-regulated apartments sitting vacant.
From nypost.com
Why it matters
The rent regulation issue is linked to broader concerns about housing affordability and quality of life. suggests that the city should collaborate with Albany to allow rents on these units to increase enough to facilitate necessary renovations.
From nypost.com
Who's involved
- ConnecticutThe state where the law preventing rent increases for rehab facilities is enacted.
- AlbanyThe location where the city is suggested to work with to adjust rent regulations.
- City of New YorkThe municipal government mentioned in the context of housing affordability issues.
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The entities involved
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Connecticut
state of the United States of America