On the eve of the New York City Rent Guidelines Boards first meeting of 2014, Mayor Bill de Blasio filled some of its vacant seats by appointing public, owner, and tenant-advocate members. These appointments have caught much press attention lately on the heels of de Blasios rent-freeze campaign rhetoric. His appointments to the RGB offer a glimpse into whether a rent freeze will, in fact, happen.
To little surprise, our materials show that consensus was rare. Even within CHPCs Rent Regulation and Executive Committees, we find stark differences in opinion and strongly worded letters expressing disagreement.
In 1977, the three-year-old Emergency Tenant Protection Act, which protected the rent regulation of vacant apartments, was set to expire. CHPC came out in strong opposition to extending that law, saying such a step would be a complete cop outa refusal by the state government to confront and change the current program, which is clearly hurting both tenants and landlords. Instead, the CHPC Rent Regulation Committee released to the full Board a six-point plan entitled, A New Approach to Rent Regulation.
The proposal called for terminating the statewide Rent Control Law and creating a new state-administered system to mirror the Rent Stabilization Code. It called specifically for the following:
In conclusion, the proposal advocated encouraging co-op and condominium ownership as a means of making property ownership attainable. This proposal called for a building to convert to a co-op or condo if as few as 35% of the tenants agreed to purchase their units within six months.