Democratic NY Senate would be “disaster”: landlord group

Halt in alliance between breakaway Dems and Republicans marks end of pro-business stance

TRD New York /
Jun.June 27, 2014 08:00 AM

The city’s real estate stakeholders got a fresh dose of uncertainty on Wednesday following the four-member Independent Democratic Conference’s announcement that it would end its alliance with state Senate Republicans, which has paved the way for pro-business legislation since 2012.

The timing is crucial, as a number of state rent laws expire next June. If all goes according to plan, Senator Jeff Klein, head of the breakaway IDC, would form a coalition with Senate Democrats in November, Crain’s reported. 

A Democratic-controlled state Senate would be a “total disaster,” Joe Strasburg, president of the Rent Stabilization Association, told Crain’s. Strasburg, whose organization represents landlords, is particularly worried that such a Democratic coalition would move forward with a repeal of the Urstadt law, which would give New York City – and Mayor Bill de Blasio – greater control over rent regulation.

However, at least one tenant advocate isn’t sure that a Democratic coalition would come through for renters. Michael McKee, treasurer of Tenant PAC called Senator Klein “an operative of the real estate industry” and said a leadership that includes him won’t necessarily be better for tenants. [Crain’s] Tom DiChristopher


Related Articles

arrow_forward_ios
Blackstone CEO Steven Schwartzman and Stuyvesant Town (Credit: Getty Images)

After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies

After authorities vowed review of Stuy Town deal, Blackstone changes course on vacancies
Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws

Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws

Tete-à-tete with TRD: How landlords are dealing with New York’s new rent laws
Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)

New NYC rent law “beginning to shut down investment”

New NYC rent law “beginning to shut down investment”
Clockwise from top left: Jabari Brisport, Jessica Gonzalez-Rojas, Alexandria Ocasio-Cortez and Julia Salazar (Getty)

Initial vote count shows pro-tenant candidates poised for wins

Initial vote count shows pro-tenant candidates poised for wins
Joseph Strasburg (Photo by Jeffersons Siegel)

Landlord leader opens up on rent law

Landlord leader opens up on rent law
Adam Pincus

Inside the legal strategy to topple New York’s rent law

Inside the legal strategy to topple New York’s rent law
A year after the rent law upended the New York City rental market, tenant organizers face an uphill battle to cancel rent and keep the pressure on (iStock)

Scant progress for tenants in wake of rent-law win

Scant progress for tenants in wake of rent-law win
One year ago, the multifamily market was upended, and the financial impact is still being assessed. (iStock)

The rent law, one year later: “No upside, no opportunity”

The rent law, one year later: “No upside, no opportunity”
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...