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Showing posts from June, 2019

We Won!

 

This is a victory decades in the making and an affirmation that people power can defeat the formidable landlord lobby.

The agreement, reached by the Senate and Assembly, will have far reaching impacts not only on our homes but on real estate influence over our state government. The bill, which limits landlords' ability to profit on the backs of working families, could change the economic calculus of corporate landlords who cause displacement and gentrification across our city.

The impacts of these bills will be felt most immediately by the 300,000 preferential rent tenants who will no longer face a huge increase to their rent at lease renewal, the 30,000 rent controlled tenants who are now protected from a 7.5% increase and tenants across the state who can now organize locally to enact their own system of rent regulation.

At the same time, this bill does not go far enough for some of the tenants who need the most protections and economic relief. We are disappointed that it does n…