Sentences with phrase «vacancy decontrol rent»

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.

Not exact matches

«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.

The Assembly approved his legislative rent control package last month that includes ending the practice of vacancy decontrol.

Once a stabilized apartment hits the vacancy decontrol threshold — currently set at $ 2,733 — the apartment comes out of the rent stabilization system and the state protections that keep that apartment affordable disappear.

But the fact is that political achievement was overshadowed by what tenant advocates did not get in the final deal: an abolition of vacancy decontrol, or a repeal of the Urstadt Law, which would have returned control of New York City rent stabilization policy to the city.

There, the governor appeared to endorse the Assembly's proposals for rent regulation, calling for an end to vacancy decontrol, ending permanent charges for major capital improvements and raising the price at which an apartment is able to leave rent stabilization from the current threshold of $ 2,500.

According to reports, however, the deal doesn't repeal vacancy decontrol, the biggest threat by far to the entire rent - controlled and stabilized system.

The City will work with the state as rent regulation comes up for renewal in 2015 to prevent abuses of the vacancy and luxury decontrol provisions and capital improvement rules.

If elected Mr. van Bramer wants to focus his energy on cost of living and affordability issues, including ending vacancy decontrol and expanding rent stabilization.

Both fall short of what Mr. Cuomo, Mayor Bill de Blasio and tenant leaders called for: an end to vacancy decontrol, whereby a property owner may remove an apartment from the rent control program if it becomes unoccupied.

The activists have called for changes to rent regulations to stop or slow the process of vacancy decontrol, under which landlords can remove apartments from regulation when rents cross a certain threshold.

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.

The bill, which Wright sponsored, would tweak current laws and extend them until June, 2019, and would eliminate vacancy decontrol, which allows landlords to raise rents when an apartment is vacated or when the monthly charge reaches $ 2,500.

«We need the laws strengthened, we need to end vacancy decontrol, step up enforcement so that landlords can just stop registering and say they spent the money and raise the rent so the apartment is no longer on the rolls,» McKee said.

Golden has at times insisted that the problem of vacancy decontrol — where landlords claim to make repairs to vacant apartments to price them out of rent control — is not a real problem in his district but instead a worry for Manhattan legislators.

A similar standoff with Republicans forced Democrats in 1997 to accept «vacancy» and «luxury» decontrol, which allow landlords to escape price regulations when monthly rents exceed $ 2,000 and tenants earn more than $ 175,000 annually.

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).

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.

He'll announce at a press conference today that he made the decision based on assurances from Dem leadership that key bills he supports, including drug and alcohol testing for police officers who shoot civilians, and ending vacancy rent decontrol will make it to the floor.

The details of the so - called «framework» are as follows: much to the dismay of die - hard tenant - advocates, vacancy decontrol is staying, and landlords will still be allowed to deregulate apartments when tenants» monthly rent and annual household income reach certain thresholds.

She thinks the senator should have voted against any vacancy decontrol — and one of the first things she wants to do in office is try to make sure rent stabilized units can stay that way permanently, she said.

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.

A repeal of vacancy decontrol is not expected to win few friends in the majority GOP conference as rent control is due to expire on Monday.

Last week, the Democratic - led Assembly approved their own version of a rent control regulation extension, which also included an end to the practice of vacancy decontrol, a proposal that's unlikely to find support among Senate Republicans.

The four - year extension of the state's rent control laws will also include an increased threshold of vacancy decontrol to $ 2,700 with indexing.

Assembly Democrats this afternoon approved their own preferred version of a rent control extension which strengthens the regulations and ends the practice of vacancy decontrol.

A group of City Council members, led by Christine Quinn, announced the introduction of legislation yesterday to make the state legislature repeal vacancy decontrol, and kill the law allowing Albany to set rent regulations for the city.

«If we're gonna fight for New Yorkers they we're gonna need to strengthen the rent laws and that means the repeal of vacancy decontrol and the repeal of a lot of the loop holes that have allowed land lords to increase the rent at a rapid rate to get it up to the 25 - hundred dollar threshold where they can deregulate it.»

The conclave did pass a resolution urging Democratic legislators to repeal vacancy decontrol, a process by which rent - regulated apartments join the open market if they exceed a certain rent levels.

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.

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.

The letter demands an end to something known as vacancy decontrol, under which landlords can take empty apartments out of the system when the next tenant would pay more than $ 2,500 in rent.

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.

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.

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.

Democrats and tenant activists are trying to repeal or significantly modify the process of vacancy decontrol, under which apartments fall out of regulation when their monthly rent exceeds $ 2,500.

One major reason apartments exit the rent regulation system is because they are subject to something called «vacancy decontrol,» which allows landlords to deregulate a unit when a tenant leaves and the rent reaches $ 2,500 a month, up from $ 2,000 a month in 2011.

Among those alleged «loopholes» are vacancy decontrol — which lets landlords to remove a unit from the rent stabilization program if the tenant dies or relocates — major capital improvement rules, which allows for permanent rent increases to pay for renovations and the preferential rent system, which permits landlords to charge a tenant less than the legally regulated rate for an apartment.

Because of this, de Blasio has called not only for an extension of the laws but a strengthening to end things such as vacancy decontrol, which allows landlords to deregulate a vacant apartment when the rent reaches $ 2,500 per month.

When asked whether he'd work to end vacancy decontrol (for apartments that rent for $ 2,000 or more), State Senator Pedro Espada said yes but he added that vacancy decontrol «will affect very few units in our district.»

Ms. James, a Brooklyn Democrat, laid out an aggressive agenda to curtail the powers of landlords, including an end to vacancy decontrol for units in the rent control system, a ban on property owners from increasing rents on vacant units, and a repeal of the Urstadt Law that puts the city's rent laws in the hands of the State Legislature.

«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.

Perhaps the most contentious part of the Assembly plan is a push to repeal a provision that allows apartments with monthly rents of at least $ 2,500 to become decontrolled upon vacancy.

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.

In 2011, the chamber approved changes that exceeded what the Senate would agree to, including repealing vacancy decontrol, which allows landlords to take a unit out of rent stabilization if the legal rent exceeds a certain amount.

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.

It also would slightly increase the rent threshold at which apartments that become vacant can be removed from rent regulation, a process known as vacancy decontrol.

«We've already lost 300,000 apartments to vacancy decontrol and if this continues there will be no rent regulated apartments in 15 years and New York will be for the rich and very rich,» Glover added.

The state's expiring rent regulations could get the same treatment — though the new Assembly speaker, Carl Heastie, says he's going to make a stand for tenant - friendly changes like the repeal of «vacancy decontrol,» which allows landlords to charge market - rate rents after an apartment's price rises above $ 2,500 per month.

On rent regulation, de Blasio wants to end vacancy decontrol, which allows apartments to leave regulation once monthly rent reaches $ 2,500.