Scoring a rent-stabilized apartment is a big win in New York City, as these regulated pads usually offer rent at below-market rates and provide tenants more protections against landlords. While more than 925,000 rent-stabilized apartments still exist in the city, these units turn over at a faster rate in certain neighborhoods than others, and their availability continues to dwindle (h/t WYNC). According to a new report by the city’s Independent Budget Office (IBO), the neighborhoods of Astoria, Morningside Heights and Bay Ridge all have high concentrations of rent-regulated housing built prior to 1974 and therefore, higher rates of turnover compared to other parts of the city.
6sqft recently covered the practice of offering landlords “blacklists” of tenants who may have withheld rent or taken action against previous landlords. Now Quartz reports on the growing use of screening software services and surveillance technology that lets landlords know if prospective tenants have recently arrived from another country, what their social media profiles say about them and even how often they’ve been hitting the bars. Could high-tech data collection and surveillance tools become as dangerous to the diversity of communities as redlining was decades ago?
In New York City there are currently about one million rent stabilized apartments–about 47 percent of the city’s rental units. So why is it so hard to snag one? What are the benefits of having one (other than affordable rent, of course)? According to the New York City Rent Guidelines Board nearly 250,000 rental units have lost the protections of rent regulation since 1994. Why are we “losing” so many of them?