Earlier this week, New York Attorney General Letitia James canceled over $200k in illegal housing debt and recouped another $65k in restitution for Buffalo State students who were deceived by Monarch 716, an off-campus private student housing provider.
Owned by 100 Forest Ave LLC and managed by XFD Real Estate Partner, Monarch 716 is a private off-campus student housing provider who primary targeted SUNY Buffalo State College students to rent their units to. The Office of the Attorney General opened an investigation and found the company was illegally charging rent and fees to students who never resided in a housing unit. Monarch 716 would coax interested students into signing leases, then demand payments of thousands of dollars from students who didn’t qualify for the company requirements and denied students access to their housing.
“Preying on students with illegal housing schemes is unacceptable and will not be tolerated,” said Attorney General James. “Monarch 716 engaged in serious predatory behavior that violated tenants’ rights and made students, who were just starting out their lives, feel threatened. Today’s agreement will help students impacted by Monarch 716 get their lives back in order without having thousands of dollars of debt looming over their heads. My office is committed to standing up to predatory landlords and protecting students.”
On December 29, the attorney general came to an agreement with Monarch 716 so that they will cancel over $200k debt, and $65k will be recovered in restitution for hundreds more and imposes $50k in civil penalty.
For more information, check out https://ag.ny.gov/sites/default/files/monarch_aod_-_executed.pdf