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New York moves to establish short-term rental registry amid housing crisis: Will it be included in state budget though?

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  • Staff Report 

In the midst of state budget negotiations, New York lawmakers and advocates are pushing for the inclusion of a proposal to create a short-term rental registry, a measure already featured in both the Senate and Assembly budget plans. This registry aims to address the acute shortage of affordable housing across the state, attributed in part to the rise of short-term rental properties. State Sen. Michelle Hinchey highlighted how homes suitable for full-time residency are increasingly being converted into short-term rental investments, exacerbating the housing scarcity.


The proposed registry would mandate that property owners register their units with the Department of State biennially, for a nominal fee. Proponents clarify that this requirement is neither a new tax nor a restriction on rental practices but a step towards transparency and balance in the housing market. A coalition comprising municipal leaders, housing advocates, and tourism industry representatives convened at the Capitol to endorse the registry, arguing it would provide essential data and revenue to help communities navigate the challenges posed by the surge in short-term rentals.

However, the Travel Technology Association has voiced opposition, arguing that the registry could undermine the upstate economy, inflate travel costs, and limit the earning capacity of New Yorkers relying on home rentals. CEO Laura Chadwick criticized the focus on regulatory complexities, suggesting it could disadvantage both homeowners and travelers. The debate underscores the tension between fostering tourism and addressing housing needs, a balancing act that New York continues to navigate.



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