9 Rent Regulation Proposals Up For Vote

New York

These are the nine rent regulation proposals that will go to the legislative floor for a vote [SOURCE: City]:

1)Expansion of the Emergency Tenant Protection Act, which regulates rents and evictions during a housing emergency. (A housing emergency is when there is a housing vacancy rate of 5% or lower.)

2)Prohibiting evictions without “good cause.”

3)End vacancy decontrol, which makes a rent-stabilized apartment no longer eligible for stabilization if its rent exceeds $2,774.76 or the tenant’s household income exceeds $200,000.

4)Eliminating the vacancy bonus, which allows landlords to increase the rent on an apartment by 20% every time a lease changes hands.

5)Make preferential rents permanent until vacancy.

6)End rent hikes for major capital improvements.

7)End rent hikes for individual apartment improvements.

8)Extend time for overcharge complaints by eliminating the statute of limitations regarding this issue for rent-stabilized tenants.

9)Rent control and rent stabilization increase cap.

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