The Real Deal:
The New York City Council is at work on a new bill that would be the biggest crackdown yet on Airbnb.
Councilmembers are writing a bill that would require Airbnb to provide addresses of their listings to the Mayor’s Office of Special Enforcement, according to Politico. The push comes amid a strong anti-Airbnb lobbying campaign from New York’s hotel industry accusing the company of lowering the stock of affordable housing in New York.
The bill would also require hosts to give their full names and addresses to the mayor’s office, report whether the home is their primary residence and say whether they are just renting a room or their entire home. Penalties would be applied to listings that do not comply with the reporting requirements, although lawyers for the City Council are still figuring out what these would be.
The City Council and Airbnb did not have statistics for how many rent-regulated apartments make up Airbnb listings, but politicians believe it takes low- and moderate-income housing off of the rental market based on anecdotal accounts.