Viewed in isolation, a proposal to exempt small residential portfolios from new eviction protections could exclude hundreds of thousands of New York City apartments. Perhaps more significantly, this type of estimate isn’t easy to make.
As state budget negotiations drag nearly two weeks late, a housing deal seems likely to coalesce—but it’s not there yet, as consequential details remain fluid.
“Our elected leaders have come out strong in support of our efforts to fight for fair compensation and decent working conditions for our members on the streets and at the bargaining table. But the gains that we have won are steadily being eroded by the skyrocketing cost of housing.”
Protesters marched outside the Real Estate Board of New York’s Manhattan headquarters Thursday, while others blocked foot traffic in an act of civil disobedience. The NYPD arrested 13 people, including the city’s Public Advocate, Jumaane Williams.
“Not only are such increases necessary to secure investments in badly needed and widely desired public goods like education, health care, and housing, the costs of which are likely the driving factor behind the worrisome out-migration of working and middle class New Yorkers.”
“As our planet hurtles toward climate tipping points, beyond which climate chaos is irreversible, every dollar we spend on fossil fuels today takes us backwards.”
Both the Senate and the Assembly have included tax-related reforms in their “one-house” budget proposals that would impact those with Individual Taxpayer Identification Numbers (ITINs), often used by immigrant workers. Advocates say extending credits to this population would help reduce child poverty.
As elected officials attempt to hammer out a housing deal before the state’s budget deadline at the end of the month, advocates want lawmakers to know they’re still fighting for tenant protections that aren’t watered down.
Tenants and advocates say the funding would repair 40,000 apartments and help cover outstanding rent arrears accumulated during the COVID-19 pandemic.
“Since CUNY is one of the city’s most traversed pathways out of poverty, any decision to block or compromise this escape route must be considered for its short and long-term consequences.”
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