Analysis

NY Real Estate Regulation And Legislation To Watch In 2020

Law360 (January 1, 2020, 12:04 PM EST) -- The impact of recent sweeping changes to rent control and attempts to rezone an area in Brooklyn are among the areas of regulation and legislation New York real estate lawyers will be watching in 2020.

Attorneys say the rent control change, which makes most rent controls permanent, will continue to create uncertainty in the landlord and developer communities. New York could also move forward in 2020 with a major rezoning of the Gowanus neighborhood, and changes there could pave the way for more affordable housing.

Meanwhile, lawyers are also keeping their eyes on a potential so-called green amendment to the state's...

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