«We can not keep hemorrhaging thousands of affordable apartments
through vacancy decontrol,» Wiley Norvell, the mayor's spokesperson, told the website.
Not exact matches
In order to save more stabilized units, Mayor Bill de Blasio has proposed to abolish
vacancy decontrol, a measure
through which landlords can de-regulate apartments when those are vacated.
While the bill will be sent to the Republican - led state senate for consideration, Heastie hailed the legislation as combating «ever - increasing rents»
through measures that include the repeal of
vacancy decontrol and limiting rent increases associated with building or apartment improvements.