Why “good cause” or “just cause” eviction risks undermine housing markets

Why “good cause” or “just cause” eviction risks undermine housing markets

In April 2024, New York State passed a sweeping “Good Cause Eviction” law, significantly restricting landlords’ ability to remove tenants and imposing new limits on rent increases. The law took effect immediately in New York City while allowing other municipalities across the state to opt in with adjustments tailored to local housing markets. While the stated goal of the law is to protect tenants from evictions and unexpected rent increases, it …