Repealing vacancy decontrol is very important:
Vacancy decontrol permits landlords to take vacant apartments out of rent stabilization forever by raising the rent to $2000 or more through "improvements" to the apartment. This has led to the loss of some 25 rent stabilized apartments in this building - lost as affordable housing forever (unless the market-rate tenants successfully challenge the original rent increase to $2000).
And vacancy decontrol has led to the loss of thousands of affordable apartments across New York City as landlords who over-borrowed to buy buildings for a quick profit have to oust as many rent-regulated tenants as possible in order to pay their mortgages and bills.
One of many organizations working in the Real Rent Reform Campaign has posted an on-line petition to persuade the NYS Senate to pass a bill to repeal vacancy decontrol. (The State Assembly has already done so. Click here for recent NYS Assembly bills.)
You can click here to sign the petition.
Vacancy decontrol permits landlords to take vacant apartments out of rent stabilization forever by raising the rent to $2000 or more through "improvements" to the apartment. This has led to the loss of some 25 rent stabilized apartments in this building - lost as affordable housing forever (unless the market-rate tenants successfully challenge the original rent increase to $2000).
And vacancy decontrol has led to the loss of thousands of affordable apartments across New York City as landlords who over-borrowed to buy buildings for a quick profit have to oust as many rent-regulated tenants as possible in order to pay their mortgages and bills.
One of many organizations working in the Real Rent Reform Campaign has posted an on-line petition to persuade the NYS Senate to pass a bill to repeal vacancy decontrol. (The State Assembly has already done so. Click here for recent NYS Assembly bills.)
You can click here to sign the petition.
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