Tenants and Landlords Criticize Paterson’s Rent Regulation Proposal
(NYT) — Gov. David A. Paterson proposed changes to housing laws on Wednesday that would make it harder for landlords to lift apartments out of rent regulation but would also override a landmark pro-tenant court ruling so that it could not apply in future cases.
Under existing rules, landlords of rent-stabilized apartments can begin charging market rates when apartments become vacant and monthly rents hit $2,000. Citing “a chaotic housing market,” the governor is suggesting that the cap be raised to $3,000. Mr. Paterson’s changes would also reverse aspects of the New York Court of Appeals ruling in 2009 that said the owners of Stuyvesant Town and Peter Cooper Village had improperly charged market rates on some apartments while receiving tax breaks for making renovations.
