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End of rent regulation a “nightmare” for NYC: De Blasio
The mayor warned that housing regulations need to be strengthened
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