WATCH: TRD breaks down the fight over rent reform in Albany

Albany is headed for a Big Ugly unless the bills are printed in their final form by Tuesday

TRD NEW YORK /
Jun.June 07, 2019 08:00 AM

With just nine days left until the rent laws expire, negotiations are heating up in Albany as the real estate industry and tenant advocates jockey to influence lawmakers. Intense tenant protests on Tuesday outside the state assembly led to the arrest of 61 tenants from the Upstate-Downstate coalition. While dueling press releases from Senate Majority Leader Andrea Stewart-Cousins, Gov. Andrew Cuomo and Speaker Carl Heastie attempt to shift the blame, Albany insiders say that the real three-way negotiations have only just begun.

Real estate lobbyists and tenant advocates are intensifying their efforts ahead of Tuesday, when the bills would have to be printed to make the June 15th deadline. That scenario is looking less and less likely, and that means we’re headed to The Big Ugly — an omnibus bill that would give Cuomo a seat at the table in the negotiations.

Reporters Georgia Kromrei and Kathryn Brenzel discussed what’s happened and what’s yet to come at the capitol. Check out the video above.


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

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”

From left: Slate Property Group's David Schwartz, Patrick Jenkins, Assembly Speaker Carl Heastie, Senate majority leader Stewart Cousins, and Julia Salazar (Credit: Getty Images)

Two takeaways for real estate from Albany’s power weekend

From left: Bruce Molser, David Schechtman, Bob Knakal, David Greenbaum, and Judi Pulice

New York’s real estate bigwigs offer predictions for 2020

 Isaac Kassirer with the apartments at East 117th Street (Credit: iStock, Google Maps)

Con Ed threatens to pull plug on four Dawnay Day buildings

Watch The Real Deal's Erin Hudson explain the breaking broker fee news on CBSN

TRD on TV: Erin Hudson talks broker-fee shocker on CBS

Congresswoman Nydia Velasquez and State Senator Julia Salazar (Credit: Getty Images)

“Good cause” eviction bill amended, advances in Albany

arrow_forward_ios
Loading...