Gothamist article on new Assembly Speaker Carl Heastie's statement:
NYC's Top Democrat In Albany: Rent Regulation Is "Our No. 1 Priority"
EXCERPT:
Seven of Governor Cuomo's top ten campaign donors are connected to real estate (the corruption commission dissolved by the governor found that developers funneled money to our chief executive through an LLC loophole). The head of the real estate lobby, whose name came up in the corruption commission's findings, recently copped to being "braggy" about donating to a tide of winning candidates.
The Metropolitan Council On Housing, whose motto is "housing for people, not profit," wants the state legislature to repeal vacancy deregulation, which allows landlords to deregulate apartments if the rent can be raised to $2,500, an amount most landlords are all too eager to reach through renovations. Their vision would re-regulate all apartments that have turned market-rate if the rent is under $5,000.
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