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Her story is also an example, housing advocates say, of how some landlords skirt rent stabilization laws despite 2019 state reforms intended to protect tenants.
A New York City panel may allow rents to rise in roughly one million rent-stabilized apartments. But increases as large as those discussed by the panel — up to 15.75 percent on two-year leases — are unlikely.
The eye-popping potential 15.75% increase for a two-year lease, and 8.25% rent rise for a one-year lease, was outlined as a potential worst-case 2024 scenario in a report.
“We think we've identified over 1,500 421-a buildings that are out of compliance with the rent stabilization laws,” said Aaron Carr, executive director at watchdog group Housing Rights Initiative. “Whether you're a tenant or a taxpayer you should be up in arms about this.”
State Senate and Assembly Release One-House Budgets- The New York State Senate and Assembly have released their one-house budgets, in response to Gov. Kathy Hochul’s Executive...