After a long campaign that would not have been possible without your support, Governor Cuomo sided with the real estate industry over New York tenants and renewed the rent laws for four years with almost no changes. This is a direct message to tenants that the real estate industry still owns Albany.
There is still more to be done: on Monday, June 29th, NYC’s Rent Guidelines Board will convene for a final vote on one and two-year rent increases, effective Oct. 1, 2015 to Sep. 30, 2016.
For a second consecutive year, the RGB – spurred by the voices & testimonies of some of NYC’s 2.5 million rent-stabilized tenants – is considering a rent freeze. While last year’s rates were a historic low, they certainly weren’t low enough for many tenants living on fixed incomes, or paycheck to paycheck. We need a freeze – or even better, a rent rollback.
Come join us on the 29th at 5:30pm, over at Cooper Union’s Great Hall (7 East 7th Street, at 3rd Avenue), as we rally alongside other tenants and housing groups for a rent freeze!
The rent law legislation included: