Gov. Andrew Cuomo

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Gov. Cuomo Signs Landmark Rent Regulation Reform Bill

June 14, 2019 - 7:20 pm
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ALBANY, N.Y. (WCBS 880/AP) — Gov. Andrew Cuomo on Friday signed a landmark bill to approve new rental protections for more than a million tenants in and around New York City.

The bill, which passed through the Assembly and Senate earlier in the day, will renew and strengthen rent stabilization and rent control rules that restrict rental increases in many apartments in the city and suburbs, typically in older, multi-unit buildings

This year, with Democrats in control of the Legislature, lawmakers wanted to authorize cities around the state to opt into the rules.

Housing advocates praised the proposal, but landlords warned apartments could fall into disrepair if they can't increase rents enough to recoup the cost of improvements.

The existing rent stabilization rules are set to expire Saturday.

(© 2019 WCBS 880. The Associated Press contributed to this report.)