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In the midst of an affordable housing crisis, rents in New York City continue to rise, a record number of New Yorkers make up the city’s homeless population and the amount of rent regulated apartments are in danger of vanishing completely. An investigation released Sunday by the New York Times found rent-stabilized apartments have been disappearing since city and state lawmakers first eradicated rent laws in 1993. Since then, the city has lost more than 152,000 regulated apartments as a result of landlords exploiting weak regulations and pushing out rent-regulated tenants, with little or no consequence from city and state agencies. And another 130,000 more apartments have been lost due to expiring tax breaks and co-op and condo conversions.
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, Fri, September 23, 2016
New York City currently maintains about 178,000 affordable housing units, a number that is getting a boost with Mayor de Blasio’s plans to preserve or build 200,000 more units over ten years. However, while de Blasio has put the preservation of affordable housing at the heart of his administration’s work, there’s still a lot of headway to be made, and the threat for displacement remains high for a considerable number of New Yorkers. But who is at most risk? A new map (h/t DNA Info) created by the Association for Neighborhood and Housing Development (ANHD) seeks to shed some light on what areas, and even more specifically, which buildings, will likely see rent hikes in the near future.
learn more about how the map was created
Image New York – Soho (license)
City councilman Mark Levine announced Wednesday the creation of the Affordable Housing Preservation Taskforce, which will track existing affordable units across the city on the brink of becoming market rate. The task force is the latest in an effort to address the monumental task of preserving the city’s affordable housing.
According to Crain’s NY, the 14-member task force, which will be led by Council Speaker Melissa Mark-Viverito, will work with residents, landlords and nonprofits to identify buildings headed toward market rate rent status. Rent regulation, for example, stipulates that rent can only be raised by a certain percentage each year as set by the New York City Rent Guidelines Board.
More on the new task force