Rent Guidelines Board Holds Rents at Current Levels

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>


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.


HPD Releases Initial Results of 2021 Housing and Vacancy Survey

On May 17, 2022, the Department of Housing Preservation and Development (HPD) released some initial results of the 2021 New York City Housing and Vacancy Survey. The survey is the official source of the city’s net rental vacancy rate, which is used to determine the continued need for rent stabilization. From its start in 1965, the survey is the longest running housing survey in the United States. 


Council Votes to Create Supportive Housing Tenants’ Bill of Rights, Reporting Requirements

The bill of rights provides tenants with necessary rights and information to help them maintain their housing. On December 9, 2021, the City Council voted to approve two bills related to supportive housing. Supportive housing is a form of affordable housing with on-site social and supportive services targeted primarily at formerly homeless households. The bills, both sponsored by Council Member Stephen Levin, create a supportive housing tenants’ bill of rights and require the Department of <Read More>


State Legislature Passes Law to Fund Hotel and Office Conversion to Affordable Housing

The properties will be owned, operated and managed by selected nonprofit organizations. On June 9, 2020, the New York State Senate and Assembly passed the Housing Our Neighbors with Dignity Act. The Bill, sponsored by Deputy Majority Leader Michael Gianaris and Assemblymember Karines Reyes, allows New York State to partner with nonprofit organizations to finance the acquisition and conversion of distressed hotels and commercial office space into affordable housing.