Kingston declares ‘housing emergency,’ ushering in rent control
The ETPA adoption will apply rent stabilization to approximately 1,200 units in the city, according to For the Many, a progressive Hudson Valley-based group that pushed for the measure.
“We applaud Mayor Steve Noble and the Kingston Council for taking this step to protect housing affordability,” For the Many Executive Director Jonathan Bix said in a statement. “This will benefit long-term residents whether owners or renters. The only people this won’t help are corporate landlords.”
Kingston’s housing market has been under immense pressure since the beginning of the pandemic as downstate residents relocated to the Hudson Valley. Housing prices have risen by two-thirds since March 2020, pushing up rents and limiting housing options.