Freeze vote first of its kind in Board history, applies to one-year leases in rent-regulated units. On June 29, 2015 the Rent Guidelines Board voted 7-2 to not increase rents on one-year leases, affecting 1.2 million tenants of New York City’s rent-regulated apartments. The vote marked the first occasion where the Board decided to freeze rents. The Board’s vote also increased rents on two-year leases by 2 percent, a historically-low rate. The new rents will … <Read More>
Search Results for: Rent Regulation Laws
State Legislature Extends Rent Regulation, 421-a
Deal is retroactive to the programs’ expiration on June 15. On June 25, 2015 the New York State Legislature passed a bill extending rent-regulation protections for New York City. The laws had expired on June 15, and the Legislature temporarily extended its session to allow time for working on a longer-term solution. On March 11, the New York City Council passed an extension of the City’s rent-stabilization laws, as well as a package of resolutions … <Read More>
Deal Near in Albany on Extension of Rent Regulation
Framework of extension deal includes rent regulation, 421-a. On June 23, 2015 Governor Andrew Cuomo, joined by Assembly Speaker Carl Heastie and Senate Majority Leader John Flanagan, announced the framework of a deal on extending rent-regulation protections for New York City. The laws expired on June 15, and the Legislature temporarily extended its session until June 23 to allow time for working on a longer-term solution.
Council Committee Holds Hearing on Rent Stabilization Extension [UPDATE: Legislation Passes Council]
Legislation would extend rent stabilization laws for three years and call on state legislature to strengthen existing laws. On March 2, 2015 the City Council Committee on Housing and Buildings held a public hearing on Intro 685, a proposed law to amend the city’s administrative code and extend New York City’s existing rent stabilization laws. Intro 685 declares the existence of a “housing emergency”, where the city’s vacancy rate drops below 5 percent, and … <Read More>
Albany: Protect Working New Yorkers through Stronger Rent Regulation
There are 1.1 million rent regulated apartments in New York City, housing approximately 2.5 million people. Rent regulation is the largest source of affordable housing for low-and moderate- income tenants, and is mostly concentrated in rapidly gentrifying communities with a majority population of people of color. It is a resource that we are rapidly losing to deregulation.
Tenant Rights Coalition and Elected Officials Rally for Stronger Rent Laws to Protect Affordable Housing
City Council Speaker calls on Albany for direct City control of rent regulations from Albany. On November 18, 2014, the Alliance for Tenant Power held a rally on the steps of City Hall to urge Albany lawmakers to strengthen the New York State rent laws when they expire in June 2015. The Alliance was joined by over 20 State and local officials.