NYC’s rent stabilization regulations are set to expire today. These regulations affect over two million New Yorkers, regulating over one million apartments. The hold up? Why Albany, of course.
Although NYC Mayor Bill de Blasio has warned landlords not to take advantage of the confusion arising from the expiration of these laws by attempting to illegally raise rents or harass tenants, Albany’s failure to come to a decision around such a fundamental aspect of the lives of so many New Yorkers is cause for concern.
Jeff Mays at DNAInfo provides a three step plan for New Yorkers if the laws do, in fact, expire: sit tight, call 311 if you’re being harassed, and, finally, “don’t bank on the rent laws changing that much.”
