Monthly Archives: June 2015

Really Ugly

The Legislature tonight approved a four year extension of rent regulations that will raise the high rent/high income deregulation threshold from $2500 to $2700 immediately, and increase it again annually, beginning next January, by the one year renewal lease guideline … Continue reading

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Waiting is Hard Work

State legislators, exhausted by four days of waiting for three men in a room to make a deal on extending rent regulations extended the law until Tuesday night, so they could go home for the weekend.¬† The only agreement seemed … Continue reading

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Down to the Wire in Albany

Still no clarity on 421a or rent regulations expiring Monday. The Governor has suggested a short term extension of 421a to work out a long term compromise, and wants to link extension of rent regulations desired by Assembly Democrats with … Continue reading

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Sound and Fury in Albany

Headlines featured¬† rent regulation and 421a plans all week as the June 15th expiration of current laws approached, but the news was more about political maneuvering than substance. The funniest non-event was Gov. Cuomo’s hastily called and more quickly abandoned … Continue reading

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