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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Upcoming Public Hearings Regarding New York Rent Laws

Medgar Evers College

New York’s rent laws are set to expire on June 15. Before this deadline, the NYS Senate Housing Committee is holding public hearings throughout the State to hear public testimony regarding tenant protection and rent regulations.

The upcoming hearings are as follows:

1) Thursday, May 16 (1PM-8PM) Medgar Evers College; 1650 Bedford Avenue; Brooklyn, New York 11225.
2) Wednesday, May 22 (1PM-8PM) Albany Legislative Office Building.
3)Thursday, May 23 (2:30PM- 8PM) Hudson Valley at the Newburgh Armory Unity Center; 321 South William Street; Newburgh, NY 12550.

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Your Income Must Be 40 Times The Rent, Or Else…

for-rent
A LOT of New York City landlords are requiring that potential renters have an annual income that is 40 times the monthly rent. This is a grossly unreasonable request.

According to this standard, for an apartment that rents for $1,500, the required annual income is $60,000. For an apartment that rents for $2,000 a month, the required annual income is $80,000. Meanwhile, according to New York City census data, the annual median income for Brooklyn residents is $44,850. The annual median income for Queens residents is $54,373. How can New Yorkers possibly afford to live in this city? How can the average New Yorker possibly meet this kind of standard?

The rental requirements are exorbitant and ridiculous. I hope this trend of too-high rents, and extra-picky rental requirements stops soon. Soon, there won’t be anymore “working people” able to afford to work and live in the city. What will happen then?

-The Homeless New Yorker

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Homeless New Yorker Stat Of The Day: 4/27/16

HMLS New Yorker

According to a study cited by the New York Daily News in an article from September 2015, it is impossible for a minimum wage worker to afford the rent in any New York City neighborhood. The study states that “A New Yorker would need to make at least $38.80 an hour (more than four times the current minimum wage) to afford the city’s median rent of $2,690.”

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