NY raises cap on rent increases at newly renovated rent-stabilized buildings

… apartments in New York City could rise under a new policy included in the recently passed state budget  State … nonprofit multifamily lender was hopeful the new renovation policy would help owners update vacant rundown apartments … will result in more investment Read on to learn how the new policy on Individual Apartment Improvements or IAIs for …

By Celia Young |April 24, 2024 - 4:00PM