On Oct. 1, the New York City rent freeze took effect for rent-stabilized units.<\/p>\n
This is the first rent freeze in city history.<\/p>\n
Sumathy Kumar, the executive director of the New York State Tenant Bloc called it a big win for renters everywhere.<\/p>\n
“Every tenant can just take a sigh of relief. When costs are going up in every part of our lives, this is one thing we know can stay the same,” said Kumar.<\/p>\n
A total of 2.4 million New Yorkers live in rent-stabilized homes.<\/p>\n
Kumar says the rent freeze will potentially put hundreds of dollars back in renters’ pockets monthly.<\/p>\n
But not everyone is on board.<\/p>\n
News 12 spoke with housing advocate, and former New York state Assemblyman Kenny Burgos, who believes the freeze will cause more issues than it would solve.<\/p>\n
“Freezing revenue as costs continue go up… as we see gas and oil go up 28% year over year, insurance go through the roof, we’re not only going to see lower quality buildings, we’re going to have less housing,” said Burgos.<\/p>\n
Burgis said that cost keep buildings up to code will get passed onto other renters, who don’t live in rent-stabilized apartments.<\/p>\n
“The cost is gonna get pushed to the free market,” said Burgos.<\/p>\n
The city is now being challenged by local landlords.<\/p>\n
A lawsuit against the city calls the freeze “unlawful,” claiming the Rent Guidelines Board had made a decision before any hearing.<\/p>\n","protected":false},"excerpt":{"rendered":"On Oct. 1, the New York City rent freeze took effect for rent-stabilized units. This is the first…\n","protected":false},"author":2,"featured_media":362901,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[128,9,24,63,129,131,130],"class_list":["post-362900","post","type-post","status-publish","format-standard","has-post-thumbnail","category-the-bronx","tag-bronx","tag-new-york","tag-new-york-city","tag-nyc","tag-the-bronx","tag-the-bronx-headlines","tag-the-bronx-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/362900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=362900"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/362900\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/362901"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=362900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=362900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=362900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}