Sentences with phrase «vacancy decontrol»

"Vacancy decontrol" refers to the removal of restrictions or regulations on rental prices for newly vacant units. This means that once a tenant moves out, landlords have the freedom to set the rent at any price they choose, without government limits or controls. Full definition
Mr. de Blasio specifically called for the end of vacancy decontrol, a law that allows property owners to take apartments off the rent - regulated list when they go vacant.
De Blasio fought unsuccessfully for ending vacancy decontrol during the most recent legislative session in Albany.
Senate Republicans are not interested in repealing vacancy decontrol or increasing the threshold.
This might come as bad news for housing advocates who were hoping Democratic control of the senate would push forward new housing legislation, including eliminating vacancy decontrol for rent - stabilized units.
In the past, legislators and governors have used the sunset date to shift the balance from tenants to landlords, with what's known as vacancy decontrol, once the monthly price of an apartment and the tenants» income reach a certain threshold.
According to the sources, the Assembly is trying to increase the amount of the threshold for vacancy decontrol to $ 3,000 a month, though a spokesman for Cuomo denied that was the case.
Oh, here's a recent op - ed by Greg in Norwood News on vacancy decontrol.
McKee noted that Dilan voted for vacancy decontrol in the City Council in 1994, despite promising his constituents (on at least two occasions when McKee was present) that he would not do so.
The Republican - controlled State Senate does not support vacancy decontrol.
«The New York State Court of Appeals, the state's highest court, has reaffirmed the long - standing legal practice and widely held understanding of the application of the Rent Stabilization Law's vacancy decontrol provisions,» REBNY's president John Banks said in a statement.
Juan Gonzalez singles out Bronx State Senators Pedro Espada and Jeff Klein for indicating that they won't support the millionaire's tax or to increase the threshold vacancy decontrol rent from $ 2,000 to $ 5,000.
Folks can get involved in future efforts to end vacancy decontrol by visiting the Housing Here and Now website or their blog.
If vacancy decontrol were repealed, affordable apartments would be available to the next generation of New Yorkers.
Entitled, «The New Housing Emergency,» the report (in full below) says loopholes in the city's current rent - stabilization rules — like vacancy decontrol and rent increases due to renovations — result in the loss of more than 10,000 rent - regulated apartments per year.
She talked a lot about rent and how we need to strengthen the rent laws, we need to close the loopholes, we need to do vacancy decontrol.
De Blasio, who has said he will fight for rent reform when a number of laws sunset in Albany this year, also stated his opposition to vacancy decontrol during his remarks.
Vacancy decontrol allows rents that reach a threshold, currently $ 2500 a month, to be released back into the free market.
Cuomo has said it is unlikely vacancy decontrol will end, but he is open to modifying it as well as raising the ceiling in the regulations to $ 2,700 a month.
While it's true vacancy decontrol actually began in 1993 (before Silver was Speaker), 1997 made it a permanent state of mind.
I was up in Albany when we adopted vacancy decontrol 14 years ago.
While the statement was qualified, it's a more tenant - friendly position than the Democratic governor has held in the past and a change from earlier this month, when Cuomo said vacancy decontrol could be «improved,» but «I don't think you ever get to repeal.»
Democratic leaders did allow two bills to reach the floor for votes that year: a Krueger measure to stop landlords from collecting rent increases retroactively, and a bill by Manhattan Senator Daniel Squadron requiring owners to document rent increases used to justify vacancy decontrol.
«If we can get vacancy decontrol passed, finally, it would be extraordinary, because it would ensure that we can retain the affordable units that we have,» she said.
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.
«We can not keep hemorrhaging thousands of affordable apartments through vacancy decontrol,» Wiley Norvell, the mayor's spokesperson, told the website.
Quinn blamed her City Council predecessors for authorizing vacancy decontrol in 1993, a move she said that drove 300,000 affordable apartments out of rent - stabilization protection.
An increase in the rent threshold at which apartments become market - rate, indexed to rise each year, is a step forward, but it only slows the bleeding — and is well short of de Blasio's target, ending vacancy decontrol completely.
Tenant advocates have long been calling for stronger protections, especially regarding vacancy decontrol and the vacancy bonus, since they believe those factors create strong incentives for landlords to pressure tenants to leave so they can get higher rents.
Sen. Espada also congratulates himself on «affordable housing,» a claim sure to enrage tenant advocates who were trying to get him to address vacancy decontrol and other pro-tenant legislation before all hell broke lose in the Capitol.
«With the shortage of housing in New York City and its surrounding areas, vacancy decontrol only further erodes the stock of rent - regulated housing,» Wright wrote.
On another issue that's atop the legislative agenda, the Post's Fred Dicker reports that there is a deal afoot to pass rent reform, with the minimum rent for vacancy decontrol likely to be hiked up to $ 2,500 from $ 2,000.
Cuomo has said he supports increasing rent protections but has yet to commit to a specific proposal or eliminating vacancy decontrol which allows landlords to move apartments from regulation once the rent reaches $ 2,000.
De Blasio wanted to eliminate vacancy decontrol where an apartment can be removed from regulation once it reaches $ 2,500 per month.
New York State Senators and Assembly members (or their representatives) in attendance signed a statement pledging to address repeal of vacancy decontrol with their chamber's Speaker, Housing Chair, and the Governor by January 10, 2009.
Instead, he received just a small change in what's called vacancy decontrol.
New York City has lost nearly 250,000 rent stabilized units to vacancy decontrol since the law was enacted in 1994.
But not all housing is covered even by vacancy decontrol under the Residential Tenancies Act.
Tenants involved with each of these organizations shared personal stories and reflections on the impact of vacancy decontrol on their struggle to maintain apartments in neighborhoods throughout New York City.
I support repealing vacancy decontrol, or at the very least, raising the cap to a minimum of $ 3000 and peg future increases to the rate of inflation.
So Krueger and other senators pushed for repeal of a law, known as vacancy decontrol, that removed limits on rent hikes for apartments where tenants moved out and the rent exceeded $ 2,000 a month (now $ 2,700).
«This one makes rent protections better than the ones I did in 2011,» the governor said, «because then I couldn't get an index on vacancy decontrol
This important decision reaffirms the long - standing legal practice and commonly - held understanding of the Rent Stabilization Law's vacancy decontrol provisions.
The bill, which Wright sponsored, would tweak the current laws and extend them until June 2019, and also eliminate vacancy decontrol, which allows landlords to raise rents by an unlimited amount once the monthly charge reaches $ 2,500.
The Riverdale Press takes a closer look at where Espada and rival Gustavo Rivera stand on housing issues, like vacancy decontrol.
Capital NY's Laura Nahmias reported earlier this afternoon that some Assembly Democrats are pushing for changes to the rent agreement, including an increase in the threshold for vacancy decontrol, though the governor's office denied that was the case.
Assembly Democrats, meanwhile, backed a temporary, two - day extension for rent control after approving last month a broader proposal that eliminates vacancy decontrol.
Tenant advocates and community organizers today launched a grassroots campaign in the districts of four state senators they believe are «betraying their tenant constituents» and «collaborating with the real estate lobby» to prevent the passage of a bill to repeal vacancy decontrol.
The Assembly approved his legislative rent control package last month that includes ending the practice of vacancy decontrol.
Heastie was talking about ending vacancy decontrol, which began in 1993 and was greatly expanded in 1997.

Phrases with «vacancy decontrol»

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