How New York’s Complex Rent Laws May Change—and Soon

New York’s rent regulation laws are up for renewal on June 15th. The revised laws that are decided in Albany will affect the 2.5 million New Yorkers now living in rent-regulated apartments, and they will also shape the market for Mayor de Blasio’s affordable housing initiative, determining whether incoming development will add to the stock of affordable apartments or simply replace the rent-stabilized units leaving the system. Ava Farkas, executive director of the Met Council on Housing, an organization that fights for tenant rights, helped explain what exactly these laws are about, what’s at stake, and what’s being fought for by tenant advocacy groups.