Sentences with phrase «vacancy decontrol which»

Not exact matches

Heastie was talking about ending vacancy decontrol, which began in 1993 and was greatly expanded in 1997.

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.

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.

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.

They have criticized the measure, which would up the vacancy decontrol threshold for when apartments re enter the open market by just $ 200, to a rate of $ 2700 a month.

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.

On Monday, we plugged that evening's episode of BronxTalk, which focuses on foreclosure, vacancy decontrol and other housing issues.

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.

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.

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.

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.

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.

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.

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.

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.

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.

But the governor has not yet committed to a specific proposal or eliminating vacancy decontrol, which allows landlords to move apartments from regulation once rents reach $ 2,000.

Last month the Democratic - led Assembly passed legislation that would, among other things, end vacancy decontrol, which allows landlords to raise rent by an unlimited amount when the monthly charge reaches $ 2,500.

The rent regulation bill appears to be more favorable to landlords than to tenant activists because it makes no changes to the process of vacancy decontrol, by which apartments are unregulated when their monthly rent crosses a certain threshold.

The bill would increase the vacancy decontrol threshold — the point at which empty apartments can go to market - rate rent — from $ 2,500 to $ 2,700.

Tenant activists and Democrats — including Governor Andrew Cuomo — questioned the bill because it requires income verification for tenants of rent - regulated apartments and makes no change in vacancy decontrol, the process by which apartments become deregulated when their monthly rent tops $ 2,500.

Sources said three - way talks were tipping closer to the Senate's plan for rent regulations — which would renew them for eight years but keep in place provisions of vacancy decontrol, a scourge of tenant advocates that takes apartments out of the program when their monthly rent rises above $ 2,500.

De Blasio has proposed changes including ending «vacancy decontrol,» which allows an apartment to become market - rate after the rent passes $ 2,500, and making rent increases from renovation costs temporary instead of permanent.

The Senate bill made no changes to the process of vacancy decontrol, by which regulated apartments fall out of the system when their monthly rent tops $ 2,500.

More than 500 NYC residents gathered together on Tuesday, December 9th at the New York Society for Ethical Culture to demand an end to vacancy decontrol, a practice by which landlords can take a vacant apartment out of rent regulation when the rent reaches $ 2,000.

The mayor wanted an end to vacancy decontrol as part of an overhaul of rent regulations; the legislature will merely bump up the rent at which a landlord can remove an apartment from regulation.