Statement by the Real Estate Board of New York on Governor Cuomo’s Decision to Sign Legislative Bill S.6340A (Lanza) / A.8704C (Rosenthal)

“This legislation is an important step toward stopping illegal behavior that takes precious housing units off the market, threatens hotel workers’ jobs and hurts the quality of life for residents in our City’s multifamily buildings,” said John Banks, III, President of the Real Estate Board of New York. “We would like to thank the Governor as well as the members of the State Senate and Assembly for addressing this critical issue.”