«Its good that he is out there talking about loss of units but there is no substitute for total repeal
of vacancy deregulation and he hasnt quite said that he supports that,» said Michael McKee treasurer of Tenants PAC.
The only way he will redeem himself with tenants is by calling for the full repeal
of vacancy deregulation.»
Above all, the mayor has failed to use his bully pulpit to push for repeal
of Vacancy Deregulation and other loopholes in the rent laws that have cost the city far more affordable apartments than he can ever build.
Not exact matches
Landlords in New York City won a victory with the state Court
of Appeals ruling that
vacancy rent increases can be used to boost a unit's cost over the
deregulation threshold.
In a release, the Medina campaign reached back to 1994, when Dilan as a member
of the City Council voted for
vacancy deregulation.
Court
of Appeals Chief Judge Janet DiFiore wrote in her decision that state law makes it clear the
vacancy rent increase should be counted when figuring if an apartment has reached the
deregulation threshold.
To do that, the Assembly has put forth a bill that would repeal
vacancy decontrol and increase high income and high rent
deregulation thresholds to $ 300,000 and $ 3,000, respectively, among other expansions
of the current laws.
«What we need to do is terminate
vacancy deregulation,» Lasher said
of the ability
of landlords to raise rents and deregulate apartments when units become vacant.
He would repeal
vacancy deregulation as a way
of protecting New York City's stock
of rent stabilized housing.
Of major concern this year is high - rent
vacancy deregulation.