ALBANY, N.Y. (AP) — New York lawmakers have a new proposal for regulating home-sharing platforms such as Airbnb.
Legislation announced Tuesday would limit New Yorkers to listing a single property on home-sharing sites, and prohibit short-term rentals of affordable housing or rent-stabilized units. The measure would also require short-term rentals to be registered with the state.
The bill would replace rules that subjected some New York City residents who offered their homes as short-term rentals to steep fines.
The two Democrats sponsoring the bill — Sen. James Skoufis and Assemblyman Joseph Lentol — say it balances the need for regulations with the reality that Airbnb is here to stay.
Chris LeHane, the San Francisco-based company’s head of policy and communications, joined the lawmakers at a Capitol press conference Tuesday to announce Airbnb’s support for the bill.