Friday, February 16, 2018

NYS Sen. Hamilton wants to credit landlords who give preferential rents (30% of stabilized housing!)

Tell State Sen. Jesse Hamilton and Assembly Member Walter Mosley that we do NOT want our taxes to subsidize landlords for profits they wish they could make on about 30% of all rent-stabilized apartments.

They are proposing to give a tax credit to owners  - at least 55% of whom NYS's DHCR found used bait-and-switch tactics

Owners of  rent-stabilized apartments can rent them for LESS than the legal regulated rent if the owners can't find tenants willing to pay the legal regulated rent (LRR).  That lower rent is called a "preferential rent." This has been used as a way to lure tenants in and then at the next lease renewal, to raise the rent back to the LRR.  The tenant can't afford it and moves out - and the landlord gets an automatic vacancy increase to raise the next LRR.

Articles of Interest to Tenant Advocates - 2/16/2018

Wednesday, February 14, 2018

Articles of Interest to Tenant Advocates - 2/4/2018



Real Estate Weekly: Landlord Farkas brought 


Michael Gartland: City Council members want 

Jonathan Westin: Airbnb profits from removing 


Mike McKee

How much vacant NYC land is being used for housing?

Gotham Gazette

Comptroller Again Calls Out City on Vacant Land; City Again Punches Back