Jul
02
RGB Decision Will Hurt Affordable Housing
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Mayor De Blasio: “This decision means relief for tenants forced to make painful choices between rent and necessities.”
NEW YORK CITY—Industry organizations expressed profound disappointment on Tuesday with the Rent Guidelines Board’s Monday night vote for a freeze on one-year leases.
Community Housing Improvement Program executive director Patrick Siconolfi says, “The unprecedented rent freeze is in no way based in any sort of economic reality. It will ultimately stifle investment in our city’s most important affordable housing stock and will have a detrimental impact on affordable housing for millions of New Yorkers.”…
