Priced Out: Council Looks to Keep Apartments Affordable

 

By Courtney Gross

The signs of eviction -- abandoned furniture dotting the hallways, renovation crews climbing stories with paint cans in tow -- characterize the latter years of Terry Bocanelli's stint on the West Side of Manhattan.

A resident there for more than 15 years, Bocanelli's 31st Street apartment building has become a revolving door: rent stabilized tenants leave and higher income residents swoop in. The newer transplants bring more than their belongings. They bring with them higher rents.

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