Victory for Affordable Housing in New York
More and more policymakers are realizing the damage that commercial operators using short-term rental websites like Airbnb to run illegal hotels are doing to their communities and taking steps to address it.
On Friday, New York Governor Andrew Cuomo signed into law a bill that would authorize the state to fine people who advertise illegal Airbnb units, protecting residents against the rising tide of illicit short-term rentals. This is a significant milestone for concerned residents, neighbors, affordable housing activists, disability groups and all those who have added their voice to the effort to rein in commercial operators whose growth is facilitated by short-term rental platforms like Airbnb.
The fines will be imposed on users who advertise an apartment in a multi-unit building for fewer than 30 days, setting an important precedent for states and municipalities in the United States for how to crack down on illegal hotels while preserving the right of homeowners to participate in the sharing economy.
AirbnbWATCH thanks the Governor for his leadership in signing this common sense bill into law.