Sunday, June 14, 2015

Fear in NY City over the expiration of a state rent stabilization law

Mayor de Blasio is continuing his campaign to renew or at least extend rent regulation in New York City - saying he fears that if Albany doesn't act - landlords will start raising rents and tossing people in rent stabilized apartments out on the street. But Joseph Strasburg of the Rent Stabilization Association says - this has happened before and no one's been kicked out of their homes. The current rates always remain until a new law is approved. Then those rates are applied retroactively.

Strasburgh also says, if someone has a lease they can't be kicked out during the negotiations.

Gov. Cuomo supports an extension of the current regulations to allow for cooler heads to prevail and time to hammer out a more permanent bill.

I'm covering the story for 1010 WINS.

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