The State Assembly's plan is to pass this bill on May 19, 2015.
The Assembly Democrats introduced an omnibus bill renewing the state rent and coop laws and making numerous changes to both the state and NYC rent laws. The changes are pro-tenant, although some of the changes are not adequate.
A7526 is sponsored by Assembly Housing Committee chairman Keith Wright (D-Manhattan) and co-sponsored by numerous other Democratic Assembly Members. (See list at end of this memo.)
A7526 extends state rent control and the Emergency Tenant Protection Act of 1974 for four years, to June 15, 2019. It also extends the NYC and three-county coop conversion laws to the same sunset.
2019 is the worst possible sunset year in terms of leverage. 2019 is after the next two legislative elections, and after the next gubernatorial election. Our friends in the Assembly are for some reason choosing to put tenants at a political disadvantage. This is unacceptable. Tenants should insist on a two-year extender, to 2017.