LATEST PAPER
37° Good Morning
37° Good Morning
News

Boomers and Gen Xers want strong rent stabilization laws

A survey released Wednesday said 76% of New Yorkers aged 35-69 support stronger laws to preserve rent-stabilized apartments.

The AARP survey asked 800 New York residents whether they believed "New York City and New York State elected officials should support rent stabilization," of which 58% said they "strongly agree" and 18% said they "somewhat agree." The study also found 61% are at least "somewhat worried" about being able to pay their rent or mortgage.

Despite seeing an increase in rent-stabilized apartments over the past two years, New York state director for AARP Beth Finkel said that stronger laws are needed to ensure that the city's nearly 1 million rent-stabilized apartments don't disappear.

The report also urged lawmakers to strengthen rent-stabilization laws by raising the threshold for exiting rent stabilization, enforcing laws to protect tenants, reducing the vacancy allowance and making improvement-based rent increases temporary.

In the weeks leading up to the June 15 expiration date of the current rent-stabilization laws, affordable housing advocates have called on lawmakers to make these changes and to close the loopholes used to remove rent stabilization.

Comments

We're revamping our Comments section. Learn more and share your input.

News photos & videos