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
– April 19, 2012 – (RealEstateRama) — 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 Courtfs announcement on whether it will hear the case of Harmon v. Kimmel, which challenges rent regulation laws in New York City. The Furman Centerfs 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. The fact brief can be accessed here.
gIn Harmon v. Kimmel, petitioner James D. Harmon argues that rent stabilization is a violation of several provisions of the United States Constitution,h said Vicki Been, director of the Furman Center for Real Estate and Urban Policy. gThe case would have broad implications for New York Cityfs rental market, approximately 47% percent of which is subject to rent control or rent stabilization laws. g
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About the Furman Center for Real Estate and Urban Policy
The Furman Center for Real Estate and Urban Policy is a joint center of the New York University School
of Law and the Robert F. Wagner Graduate School of Public Service. Since its founding in 1995, the
Furman Center has become the leading academic research center in New York City devoted to the public
policy aspects of land use, real estate, and housing development, and is dedicated to providing objective
academic and empirical research. The Furman Center launched the Institute for Affordable Housing
Policy in 2010 to build on its history of providing evidence]based, academic research for policymakers
trying to develop effective solutions to national housing issues. More information on the Furman Center
and it Institute for Affordable Housing Policy can be found at: http://furmancenter.org
Contact:
Meghan Lewit
(212) 998?6492
