The Real Deal New York

End of rent regulation a “nightmare” for NYC: De Blasio

The mayor warned that housing regulations need to be strengthened

June 13, 2015 03:00PM

Bill de Blasio

Bill de Blasio

Mayor Bill de Blasio raised the alarm Friday, calling the possibility of lawmakers allowing rent regulations to expire a “nightmare” for New Yorkers.

The mayor warned that if protections were not strengthened, it could cost the city tens of thousands of affordable-housing units, according the New York Post.

“If Albany does literally nothing, then there’s a real nightmare coming where the rent-regulated units we have today . . . will no longer be affordable,” De Blasio said in an AARP town hall.

However, representatives for landlords told the Post that the mayor was “needlessly stoking fear.” [NYP]Christopher Cameron