ALBANY, N.Y. – Senate Deputy Leader Michael Gianaris issued the following statement upon the announcement of historic new rent laws that will protect New York tenants.
“After years of displacement caused by rent laws that worked against them, New York’s tenants finally have a seat at the table thanks to a new Senate that is working with our Assembly partners to eagerly champion housing affordability. This sweeping legislation provides the strongest tenant protections since the rent laws were enacted decades ago and I am proud to have worked with incredible grassroots organizers to deliver this historic progress.”
The legislation addresses a wide variety of tenant issues. It will eliminate vacancy decontrol and the vacancy bonus, extend preferential rents for the duration of a tenancy, dramatically reform MCIs and IAIs, and extend tenant safeguards statewide, among other changes.