From the NYS Assembly • Sheldon Silver, Speaker
Vito J. Lopez • Chair, Housing Committee
Governor’s lack of leadership means time is running out on affordable housing
Rent regulation laws are set to expire next month. If the governor lets them die, so too will the dream of finding a quality, affordable place to live for thousands of New Yorkers.
Rent regulation laws – which govern how quickly and by how much rents can be raised in a year – expire June 15, but thus far, the governor has failed to show any leadership, and instead is sitting by and playing out the clock. Instead of wasting time, he should be showing the kind of leadership renters in New York need and deserve – before it’s too late.
Rents go up, protections go away
Renters are already contending with a weak economy – which has driven tens of thousands out of work – and recently proposed rent hikes for New York City, which will amount to 5.5 percent for new one-year leases and 8.5 percent for new two-year leases. Those two factors alone would make it difficult to afford a home.
With renters facing such large hikes, rent protections have never been more important. If rent regulation laws expire, the situation could get a whole lot worse. In fact, they should be strengthened, offering more people the chance to find a decent place to live – and protection from high-rent vacancy decontrol.
The Assembly acted to protect renters...
The fight over affordable housing is so important that the Assembly took quick action in February, passing three bills that protect and expand the supply of affordable housing by:
...Now it’s time for the Governor to show some leadership
Now is the time for the governor to stand up for the people of New York. But given his recent record – especially in refusing to negotiate a fair budget – no one knows if he will. Will he help protect New York’s supply of quality, affordable housing, or will he call for higher rents – as his budget called for higher property taxes in the state budget fight? Will he stand by as people are priced out of their homes, or will he finally act to preserve affordable housing?
Renters need to know that they’ll be able to afford their homes. Now is the time for the governor to show the leadership he was elected to provide.
New York State Assembly
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