Sentences with phrase «stabilized apartments turn»
Even though only about 13 percent of rent - stabilized apartments turn over each year, a report released on Tuesday by the antipoverty group Community Service Society of New York argued that the vacancy allowance, which has been in place since 1969, is so high that it contributes more to the overall rise in stabilized rents than the annual increases.
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Mayor Bill de Blasio's plan to curb homelessness in New York City is exacerbating the housing crisis, according to New York City Public Advocate Letitia James, who is calling on the mayor to stop allowing landlords of rent - stabilized apartments to turn their buildings into homeless shelters.