Report: NYC’s Low Rental Registration Compliance Could Interfere with the City’s Response to Emergencies

Report: NYC’s Low Rental Registration Compliance Could Interfere with the City’s Response to Emergencies

NEW YORK, NY – January 15, 2012 – (RealEstateRama) — Two-thirds of New York City residents live in homes that are owned and maintained by others. Yet the city’s system for tracking who owns those rental properties—a crucial resource in times of crisis, like Hurricane Sandy—is falling short. A new report by NYU’s Furman Center for Real Estate and Urban Policy finds that the vast majority of landlords required to register with the city fail to do so.

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