New York City Council Header
File #: Res 0331-2018    Version: * Name: Rent Regulations Package - Repealing vacancy decontrol. (S.3482/A.433)
Type: Resolution Status: Adopted
Committee: Committee on Housing and Buildings
On agenda: 5/9/2018
Enactment date: Law number:
Title: Resolution calling upon the New York State Legislature to pass, and the Governor to sign, S.3482/A.433, in relation to repealing vacancy decontrol.
Sponsors: Robert E. Cornegy, Jr., Margaret S. Chin, Helen K. Rosenthal, Ritchie J. Torres, Jumaane D. Williams, Bill Perkins, Carlina Rivera , Ben Kallos, Costa G. Constantinides, Diana Ayala , Karen Koslowitz
Council Member Sponsors: 11
Attachments: 1. Res. No. 331, 2. S. 3482, 3. A. 433, 4. Committee Report 5/2/18, 5. Hearing Testimony 5/2/18, 6. Hearing Transcript 5/2/18, 7. May 9, 2018 - Stated Meeting Agenda with Links to Files, 8. Hearing Transcript - Stated Meeting 5-9-18, 9. Minutes of the Stated Meeting - May 9, 2018
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
5/9/2018*Robert E. Cornegy, Jr. City Council Approved, by CouncilPass Action details Meeting details Not available
5/9/2018*Robert E. Cornegy, Jr. City Council Referred to Comm by Council  Action details Meeting details Not available
5/9/2018*Robert E. Cornegy, Jr. City Council Introduced by Council  Action details Meeting details Not available
5/2/2018*Robert E. Cornegy, Jr. Committee on Housing and Buildings Hearing on P-C Item by Comm  Action details Meeting details Not available
5/2/2018*Robert E. Cornegy, Jr. Committee on Housing and Buildings P-C Item Approved by CommPass Action details Meeting details Not available

Preconsidered Res. No. 331

 

Resolution calling upon the New York State Legislature to pass, and the Governor to sign, S.3482/A.433, in relation to repealing vacancy decontrol.

 

 By Council Members Cornegy, Chin, Rosenthal, Torres, Williams, Perkins, Rivera, Kallos, Constantinides, Ayala and Koslowitz

Whereas, The affordable housing emergency that led to the enactment of the rent regulation laws continues to exist in New York City; and

Whereas, The latest Housing and Vacancy Survey (HVS) conducted by the United States Bureau of the Census reveals a vacancy rate of only 3.65 percent in New York City; and

Whereas, The HVS also identified 966,000 rent-stabilized units and 21,751 rent control units, which together comprise roughly 45 percent of New York City’s housing stock; and

Whereas, Vacancy decontrol is the process by which a property owner removes a rent-regulated unit from the regulatory system when the permitted rent of the vacant unit increases above $2,700 a month; and

Whereas, The New York City Rent Guidelines Board stated that about 152,147 rent stabilized and rent control units have been deregulated due to vacancy decontrol since 1994; and 

Whereas, This practice has greatly exacerbated the City's severe lack of affordable housing by taking thousands of affordable units off the market; and

Whereas, The lack of affordable housing creates a financial hardship because many households are paying at or over 30% of their income towards rent; and

Whereas, This financial hardship has forced many tenants to relocate, live in substandard housing conditions or become unable to keep up with living expenses; and

Whereas, S.3482, introduced by State Senator Stewart Cousins and pending in the New York State Senate, and companion bill A.433, introduced by Assembly Member Linda Rosenthal and pending in the New York State Assembly, would repeal vacancy decontrol; and

Whereas, This bill is necessary to preserve New York City's affordable housing for future generations; now, therefore, be it

Resolved, That the Council of the City of New York calls upon the New York State Legislature to pass, and the Governor to sign, S.3482/A.433, in relation to repealing vacancy decontrol.

 

JLC

LS 5593

4/25/18- 11:33am