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Closing the Loopholes: What Six Rental Histories Tell Us About Fixing Rent Regulation in New York
Oksana Mironova, Jeff Jones
Summary: This is a pivotal time for the future of the rental housing market in New York City, as the state’s rent stabilization law, which protects about a million households, comes up for renewal in June 2019. The current law is characterized by loopholes that undermine the effectiveness of the rent stabilization system to protect tenants’ rights.
This report analyzes six case studies based on real tenant rent histories. Each case study illustrates the way different loopholes interact to drive up stabilized rents, subverting the rent regulation system.
Issues: Affordable Housing
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