State Legislature Passes Rent Reform Laws. How Will This Impact The Bronx?
New layer of protections to safeguard about 1 million rent stabilized apartments in the city, with a majority of them in the Bronx, have now been hammered out after the State Legislature announced reforms to the state’s existing rent laws. The measure is now headed to Governor Andrew Cuomo’s desk, who announced he will “sign it.” The measures aim to prevent de-regulation of rent stabilized apartments, which are much more affordably priced than market rate apartments priced beyond $2700. Deregulation has long been blamed for aggressive displacement of low-income tenants, a problem that’s very familiar for the Bronx, which is
