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Good Cause for Alarm: Rents Are Rising for Low-Income Tenants in Unregulated Apartments
Samuel Stein, Oksana Mironova
Summary:
2022 was a brutal year for rents in New York. Rents went up nearly universally. While rent stabilized tenants had limits on how much their rents could rise, market-rate tenants had none — in large part because the state Legislature failed to pass Good Cause, a bill that would allow tenants to challenge unconscionably large rent increases in court. For nearly 378,000 New York City market rate tenants with household incomes under $50,000, such rent increases could very well mean eviction and potentially homelessness.
Both the needs and the demands of New Yorkers are clear: we need stronger protections against evictions and rent gouging, and we need tools to make up for the yawning gap between wages and rents.
Issues: Affordable Housing, The Unheard Third
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