Pol seeks to punish landlords with “warehousing fee” for vacancies

A Manhattan politician wants to penalize landlords for “warehousing” apartments and use the proceeds to address the city’s persistent homelessness problem. A bill proposed by Assembly member Linda Rosenthal, who represents the Upper West Side and Hell’s Kitchen, would levy fees on landlords for keeping units off the market for more than three months — a practice that arose after last year’s changes to New York’s rent law. After three months, landlords would have to

source https://therealdeal.com/2020/03/04/pol-seeks-to-punish-landlords-with-warehousing-fee-for-vacancies/