[Landlord US-NY] Hochul Punishes Housing Providers
"In order to increase homeownership, Hochul proposes disincentivizing institutional investors from buying up one- and two-family homes across New York State.
The proposed legislation will require a 75-day waiting period before institutional investors that own 10 or more single and two-family properties and have $50 million in assets can make an offer on or buy one- or two-family homes. Violators could face stiff penalties of up to $250,000 per illegal offer."