Eric Yoo

FEATURE

RGB Approves Rent Increases for 2025-26 Lease Renewals

The Board responds modestly to the 6.3% rise in operating costs.

Jul 14, 2025

On June 30, the NYC Rent Guidelines Board (RGB) voted 5 to 4 to authorize rent increases for the city’s nearly one million rent-stabilized apartments. Under RGB Order #57, owners may take a 3 percent increase on one-year lease renewals and a 4.5 percent increase on two-year renewals for leases commencing anytime from Oct. 1, 2025, through Sept. 30, 2026. This year’s adjustments are the fourth consecutive rent hike approved during Mayor Adams’ administration.

MANAGEMENT BASICS

How to Comply with NYC’s Lead Paint Testing Law

Here's what you need to know before the Aug. 9 deadline.

Jul 13, 2025

Eric Yoo

Here's what you need to know before the Aug. 9 deadline.

MANAGEMENT BASICS

DOB Gives Extra Time for Emissions and Lighting Reports

Even with the initial grace periods, many owners have found the reporting process challenging.

Jul 12, 2025

Eric Yoo

Even with the initial grace periods, many owners have found the reporting process challenging.

New Signage Required for Rent-Stabilized Buildings

The new law is expected to go into effect in January 2026.

Jun 30, 2025

Eric Yoo

The new law is expected to go into effect in January 2026.

FEATURE

HOTMA Deadline Delayed for Multifamily Housing Programs

But the deadline for Public Housing and voucher programs holds firm.

Jun 30, 2025

Eric Yoo

While the deadline for Public Housing and voucher programs holds firm, Multifamily stakeholders now have until Jan. 1, 2026, to implement the final rule requirements under Sections 102 and 104.

COMPLIANCE

HUD Seeks to Eliminate Affirmative Fair Housing Marketing Rules

If finalized, the proposed rule would shift HUD’s role away from proactive desegregation and toward a narrower model of complaint-based enforcement.

Jun 27, 2025

Eric Yoo

If finalized, the proposed rule would shift HUD’s role away from proactive desegregation and toward a narrower model of complaint-based enforcement.

Recent Court Rulings

Owner Must Repay HUD for Leasing Unit to Ineligible Tenant Despite Good Intentions

Jun 26, 2025

Eric Yoo

The U.S. District Court for the District of South Dakota ruled that an owner must repay HUD more than $57,000 after leasing a two-bedroom apartment to a tenant who didn’t meet eligibility requirements under the Project-Based Rental Assistance program.

RECENT COURT RULINGS

Court Dismisses Discrimination Lawsuit Based on Refusal to Accept Vouchers

Jun 26, 2025

Eric Yoo

A federal court in Florida has dismissed a lawsuit alleging that an owner’s refusal to accept Housing Choice Vouchers (HCVs) amounted to illegal housing discrimination.

RECENT COURT RULINGS

Court Dismisses Claim Seeking Two Apartments with One Voucher

Jun 26, 2025

Eric Yoo

A federal judge dismissed a Fair Housing Act lawsuit brought by a tenant who sought to lease two apartments under a single Section 8 housing voucher as a reasonable accommodation for her disability.

IN THE NEWS

New Trump Budget Details Confirm Threats to HUD-Assisted Housing Programs

The proposed overall funding for HUD would drop dramatically from $89.1 billion in FY25 to $43.5 billion in FY26, marking a 51% reduction.

Jun 25, 2025

Eric Yoo

The proposed overall funding for HUD would drop dramatically from $89.1 billion in FY25 to $43.5 billion in FY26, marking a 51% reduction.

ARTICLES