A group of building owners claims New York’s housing regulator is unlawfully coming after them for deregulating their rent-stabilized properties.  “Balanced Housing Solutions,” the group listed as plaintiffs and led by political consultant Hank Sheinkopf, is suing the Division of Homes and Community Renewal, alleging that the agency is wrongfully applying rule changes around “substantial rehabilitations” that went into effect in 2023. Former mayoral candidate Jim Walden is the group’s attorney on the case. Substantial rehabs are one of the only remaining avenues for owners looking to deregulate stabilized apartments after the state passed sweeping rent reform legislation in 2019.  […]

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