Rent Regulation in the Great Recession

Over at the Gotham Gazette, David King walks us through the latest round of politics over New York City’s rent regulation laws, which have to be renewed by the state legislature.

The regs expire on June 15, and the usual compromise between those who want to do away with them and those who want to strengthen them is an 11th hour offering of a bill by the Republican-controlled Senate that weakens them. Gov. Cuomo has said he supports strengthening rent regulation, but unless he makes a stand — which he would have opportunities to do, says King — we’re likely to see that again this year.

What’s the climate like for rent regulation in other hot markets? We reported in this issue’s Shelter Shorts about a proposal in LA to cut taxes for rent-regulated landlords.

But as the foreclosure crisis and empty ownership units tighten the rental market at the same time as the recession is tightening wallets, is anyone seeing signs of a reinvigorated tenants’ movement? Let us know!

(Photo: Creative Commons BY-SA, Flickr user seabaryo)

Miriam Axel-Lute is CEO/editor-in-chief of Shelterforce. She lives in Albany, New York, and is a proud small-city aficionado.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.