The Urgency Of Preserving Low- And Moderate-Income Rent Stabilized Housing - City Limits

The Urgency Of Preserving Low- And Moderate-Income Rent Stabilized Housing - City Limits

“The combination of tightening rents and diminished safety net programs has precipitated a slow but accelerating deterioration of this ‘naturally occurring’ affordable housing.”  A rent-stabilized building in the Bronx. (Photo by Adi Talwar) There are slightly less than 1 million rent stabilized apartments in New York City, of which 780,000 were built before 1974. Most of this older housing is concentrated in the city’s low and moderate-income c…

POLITICS: Mamdani’s rent freeze will warp NYC’s housing — and hurt us all – U-S-NEWS.COM

The city’s Rent Guidelines Board boldly embraced common sense Monday by voting to permit rent increases for the city’s nearly one million rent-stabilized apartments — modest ones of 3% for one-year and 4.5% for two-year leases.  It was a courageous move in today’s political climate. Of course, struggling property owners should be able to collect enough rent to cover their rising expenses — insurance, property taxes, utility costs, not to mention…