"I am relieved to see the Supreme Court reject this challenge to rent stabilization, an unconscionable effort by landlords to further put profit over people and exacerbate the housing and homelessness crisis. Even with a Rent Guidelines Board that under this mayoral administration has inexplicably continued to raise rents in an affordability crisis, our rent stabilization system and the protections that come with it are invaluable and indispensable.
"With two similar cases still pending, I remain wary, and hope that the Court will reject these challenges, which would undo decades of precedent and ultimately force countless New Yorkers from their homes in a city that already has the highest rents in the nation."