Croton-on-Hudson enacts “Good Cause Eviction”
The Village of Croton-on-Hudson has adopted a "Good Cause Eviction" law aimed at strengthening tenant rights. This legislation prohibits landlords from evicting tenants or refusing lease renewals without valid reasons, such as non-payment of rent, lease violations, property damage, or illegal activity. Additionally, the law caps annual rent increases at 10% or 5% plus the Consumer Price Index (CPI) rate, whichever is lower. For example, with a 2024 CPI of 3.3%, rent hikes would be limited to 8.3%.
Ralph’s Take
New York already enforces some of the nation’s strictest eviction protections. While protecting tenants is important, there are concerns that the policy will inadvertently reduce housing affordability and deter real estate investment. By capping rent increases and limiting lease terminations, the law may discourage property upkeep and improvements, as landlords struggle to justify the cost of renovations without the ability to recover expenses. It could also push small landlords to sell, further shrinking the supply of affordable housing and ultimately impacting the availability of rental properties.
The Hudson Gateway Association of REALTORS continues to oppose the law.
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