REBNY throws support behind CHIP, RSA rent law challenge

After staying relatively quiet, the Real Estate Board of New York has thrown its support behind a federal lawsuit challenging the state’s rent law. REBNY filed a friend of the court brief on Friday backing the Rent Stabilization Association and the Community Housing Improvement Program’s lawsuit alleging that rent stabilization violates the U.S. Constitution. The complaint, filed in July, alleges that rent stabilization as a concept violates the “takings clause” of the Fifth Amendment and

source https://therealdeal.com/2019/12/20/rebny-throws-support-behind-chip-rsa-rent-law-challenge/