Rent Regulation in the Great Recession
Posted by Miriam Axel-Lute on April 5, 2011
Over at the Gotham Gazette, David King walks us through the latest round of politics over New York City’s rent regulation laws, which have to be renewed by the state legislature.
The regs expire on June 15, and the usual compromise between those who want to do away with them and those who want to strengthen them is an 11th hour offering of a bill by the Republican-controlled Senate that weakens them. Gov. Cuomo has said he supports strengthening rent regulation, but unless he makes a stand — which he would have opportunities to do, says King — we’re likely to see that again this year.
What’s the climate like for rent regulation in other hot markets? We reported in this issue’s Shelter Shorts about a proposal in LA to cut taxes for rent-regulated landlords.
But as the foreclosure crisis and empty ownership units tighten the rental market at the same time as the recession is tightening wallets, is anyone seeing signs of a reinvigorated tenants’ movement? Let us know!
(Photo: Creative Commons BY-SA, Flickr user seabaryo)
About the author more »
Miriam Axel-Lute is editor of Shelterforce and associate director of the National Housing Institute. Her email is miriam at nhi dot org.