Whither Rent Regulation

Whither Rent Regulation

On July 1, 2015, John Krauss wrote:

The rent stabilization law that keep apartments affordable for millions of New Yorkers was just renewed, warts and all.

The fight in Albany between tenant advocates and politicians centered around closing loopholes in the law. The worst allows stabilized apartments to exit the program when their rent gets high enough, resulting in the loss of thousands of affordable apartments every year — far exceeding new construction of affordable apartments.

To read more, go here - http://blog.johnkrauss.com/where-is-decontrol/