Council members seek Bloomberg’s support of rent stabilization

Margaret Chin, Rosie Mendez and several other NYC Council members made a final written plea to Mayor Michael Bloomberg Monday for his support of renewing state’s rent stabilization laws, set to expire this week.

The rent regulations, they told Bloomberg in the letter, enable more than 2.5 million individuals to stay in their homes and neighborhoods due to low rents and eviction protections.

“The reality is that it is our lower- and middle-income families who depend on rent stabilization that are most at risk of being forced out of our city,” said the Council members. “Rent stabilization continues to be among the strongest means we have to keep our communities economically diverse.”

The state must also expand the existing laws, Chin and the others said, noting that the city has lost more than 300,000 rent regulated apartments to vacancy destabilization in the past 18 years.

“We need to strengthen the laws by eliminating vacancy destabilization, reforming the major capital improvement and individual apartment improvement mechanisms, reducing the vacancy bonus and increasing enforcement,” according to the letter. “Additionally, Mitchell-Lama and Section 8 tenants must be protected by rent stabilization when they leave those programs.”

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5 Responses to Council members seek Bloomberg’s support of rent stabilization

  1. Isn't anyone in NYC able to fend for themselves.nKeep the laws the same or weaken them and you will see the outer boroughs grow like they have never grown before.nWhere is it carved in stone that anyone on this planet has a right for private persons to subsidize their lives in this manner.nThe rest of the country laughs at us in this respect.nVacancy decontrol is the main reason the older building are finally getting repaired in a manner that lasts.nDoesn't anyone remember allof the abandoned building in the Bronx back in the 70"snFreeloading is bad for owner and tenant.

  2. This is crazy. u00a0Why would we want to extend these crazy laws. u00a0My net worth is negative (student debt). u00a0Why do I have to pay market rate while other people pay $500/month. u00a0The system is terrible. u00a0It allows millionaires to keep huge apartments while they also have a place in the Hamptons. u00a0Why can't millionaires pay market rate just like I do?

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