NEWBURGH- The City of Newburgh has released the conclusions of a rental vacancy study that reveals the city has a vacancy rate of 3.93 percent. This small vacancy rate makes the city eligible to declare a housing emergency, which would authorize the regulation of certain residential rents under the state’s Emergency Tenant Protection Act (ETPA).
Under the ETPA, properties with six or more legally established residential units built before January 1, 1974, would qualify for regulation. These properties were the only rentals considered in the city’s recent housing study. The study included 68 qualifying properties with 738 rental units. Only 29 vacant units were found available for rent by owner.
A public hearing will take place on December 11th, after which the city council will consider whether or not to move forward with a possible vote to declare a housing emergency and evoke ETPA protections.
The rental vacancy study can be found on the city’s website.
