Real Estate Board of New York

[1] The board was formed in 1896 to "facilitate transactions in real estate, such as buying, selling, leasing, mortgaging, and insuring of property and other business pertaining thereto.

Its members frequently speak before government bodies to, among other things, expand New York's economy, encourage the development and renovation of commercial and residential real property, increase the city's appeal to a specific class of investors and residents, and facilitate property management for this same class.

"By influencing state elections, developers have undermined rent stabilization and preserved a key tax break that saves them far more money than they spend on political campaigns.

Kathy Hochul’s proposed Affordable Neighborhoods for New Yorkers program, a rebrand of the expiring 421-a tax break.

"[1] "REBNY members gave a tenth of all N.Y. campaign money," in 2015 "which represents only some of the political spending by New York’s real estate industry."

Michael McKee, treasurer of Tenants PAC Archived 2022-03-22 at the Wayback Machine, said he "was concerned that state leaders would be more likely to heed REBNY’s positions than his own as a result of the contribution levels.