A coalition of over 100 homeowners, small business owners, and civil rights advocates has protested against New York City's stringent short-term rental rules enacted in September 2023. They argue that these regulations have harmed the local economy, resulting in decreased visitor spending and job losses, particularly in the outer boroughs. Advocates like Arva Rice highlight the law's adverse impact on struggling homeowners and small businesses. Ralliers are calling for updates to the regulations to enhance housing affordability and revive economic opportunities, particularly for marginalized communities reliant on home sharing.
Participants proposed key upgrades to the law, including allowing hosts to accommodate families and limiting restrictions now in place that hinder income generation for homeowners.
Arva Rice, president and CEO of the New York Urban League, stated that current rules disproportionately impact neighborhoods beyond Manhattan and marginalized communities.
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