Andrew Cuomo, now a frontrunner in New York City’s mayoral race, recently distanced himself from elements of the 2019 rent reform laws he once signed as governor. Speaking privately to the Real Estate Board of New York, he acknowledged that some measures went too far, particularly those restricting rent increases for building improvements. His campaign confirmed that while well-intended, the reforms had unintended consequences.
Cuomo’s remarks come as he courts business leaders, many of whom are withdrawing support from Mayor Eric Adams. The real estate industry has long opposed the 2019 laws, which significantly weakened landlord-friendly policies. The former governor, known for his pragmatic politics, is now positioning himself as a centrist who can restore balance to the city’s policies.
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