Friday, December 22, 2023

We won! Gov. Hochul signed the anti-Frankensteining law!


On Friday, Dec. 22nd, the late afternoon, Governor Hochul signed S.2980C/A.6216B into law.  That law means that landlords like Stellar have less incentive to hold vacant rent-stabilized apartments off the market.  

Many landlords have been warehousing rent-stabilized units since one of the few remaining loopholes letting them raise rents VERY high was "Frankensteining" them - combining some rent-stabilized space with other space, rent-stabilized or not.  

But, thanks to all the wonderful tenants in this building who called Governor Hochul, along with the tenants in other buildings who did the same,  and a LOT of campaigning and hard work by 

  • the Coalition to End Apartment Warehousing (we're a member, as part of Stellar Tenants for Affordable Housing) and 
  • Housing Justice for All (we're also a member of that umbrella group), 
the Governor signed the bill into law. 

Thanks to State Senate Housing Committee Chair Brian Kavanagh and Assembly Housing Committee Chair Linda Rosenthal who co-sponsored and championed the bill - and thanks to the Governor for signing it.

The governor vetoed S.2943 (a bill on calculating overcharges dating from before 2019) and no word yet on how she came down on the LLC (limited liability company) transparency law, S.995.

So we have a victory for the new year!