The Furman Center Issues a Fact Brief on Rent Stabilization in New York City In Advance of the U.S. Supreme Court’s Certiorari Decision in Harmon v. Kimmel
Announcement by Meghan Lewit
April 19, 2012
Furman Center for Real Estate and Urban Policy (New York)
April 19, 2012—The Furman Center for Real Estate and Urban Policy has issued a fact brief about rent stabilization in New York City in advance of the U.S. Supreme Court’s announcement on whether it will hear the case of Harmon v. Kimmel, which challenges rent regulation laws in New York City. The Furman Center’s fact brief details the number of rent stabilized units in New York City, and provides demographic and socioeconomic data comparing the tenants inhabiting these units with tenants in market rate units.
“In Harmon v. Kimmel, petitioner James D. Harmon argues that rent stabilization is a violation of several provisions of the United States Constitution,” said Vicki Been, director of the Furman Center for Real Estate and Urban Policy. “The case would have broad implications for New York City’s rental market, approximately 47% percent of which is subject to rent control or rent stabilization laws."